Tens of thousands of Mexicans rally with president to celebrate US decision to delay tariffs
2 weeks, 2 days ago

Tens of thousands of Mexicans rally with president to celebrate US decision to delay tariffs

Live Mint  

MEXICO CITY — Tens of thousands of people packed into Mexico’s City main plaza on Sunday to celebrate with President Claudia Sheinbaum a decision by the U.S. to postpone tariffs on many of the country’s goods. The celebration comes just days after U.S. President Donald Trump postponed 25% tariffs on many imports from Mexico for a month, saying Sheinbaum had made progress on drug smuggling and illegal immigration. While threats persist, the president said she was optimistic tariffs would not be applied to Mexico and that she would continue to act with a “cool head” in the face of Trump. Despite the dark clouds hanging over the country, the activist said she was convinced that “the president will overcome everything.” Analysts say they don’t expect the jubilant ceremony to alleviate the climate of uncertainty that threatens new investments and the Mexican economy, but that it would help Sheinbaum consolidate internal support against Trump, who is setting the pace of bilateral relations with his powerful rhetoric. Rosiles Salas told The Associated Press that despite concerns in Mexico about the economic impacts that a tariff war with the United States — its main trading partner and destination of more than 80% of Mexican exports — could unleash, the confrontation with Trump has been “very profitable for Claudia Sheinbaum” and has allowed her to achieve popular support of over 60% five months into her term.

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