Mexico’s President Andrés Manuel López Obrador hinted that the country could retaliate against U.S. tariffs by imposing duties on American goods, signaling a potential escalation in the trade standoff between the two nations.
López Obrador called the U.S. tariffs “unfair and excessive” and said Mexico was “not going to remain with its arms crossed.” He added that Mexico was “prepared to act” and that “everything is on the table,” including tariffs on U.S. imports.
The announcement sent shockwaves through the U.S. and sent the peso tumbling against the dollar.