The current commercial dynamics between Mexico and the United States are being closely monitored, with the hope that the strategy adopted by Mexico will be the most suitable for its national interests. So far, the cautious stance of the Mexican government led by President Claudia Sheinbaum has been effective.
Yesterday, some voices questioned why Mexico has not responded to the tariffs imposed by the United States on steel and aluminum products, as Canada and the European Union did. Speculation arose about possible reprisals from the Trump administration. In contrast to the firmness shown by Canada and the European Union, the Mexican strategy has been more measured.
The immediate and firm response from Canada and the European Union has the advantage of pressuring the U.S. government to reconsider its decisions. However, this tactic may be perceived as weakness, which could embolden the United States even more and put Mexico at a strategic disadvantage in future negotiations.
On the other hand, the Mexican stance has been more reserved, which could result in better trade terms and less long-term economic damage. However, if results are not seen in the short term, the political cost of this strategy could increase. Mexico's prudence could be rewarded if it manages to balance it with diplomatic firmness.
The decision of the Mexican government to wait before announcing possible measures aims to first fully understand the trade and political landscape of the United States, to evaluate specific economic impacts. This strategy provides Mexico with room to carefully calibrate its response and avoid damage to specific sectors or weaken its position in future negotiations.
