Mexico considers the US intention to impose 30 per cent duties “unfair”.
According to the country’s government press service, a Mexican delegation met with US officials on 11 July and was told during the meeting that all countries will receive a letter signed by the US president that establishes new tariffs to take effect on 1 August.
“In the meeting we pointed out that this is an unfair agreement and that we do not agree with it,” the report said.
Mexico City says the agreement is to work on an alternative that will protect “businesses and jobs on both sides of the border.”
The government adds that Mexico is already negotiating.
Mexico is one of the countries most vulnerable to US tariffs because 80 per cent of its exports go to its northern neighbour.
Washington will impose a 30% duty on goods from the European Union and Mexico from 1 August.
This was announced by US President Donald Trump.
The corresponding letter Trump sent to the President of Mexico Claudia Sheinbaum. The document says that Mexico has never been able to stop the work of drug cartels in the United States.
In early April, Trump imposed duties of 10 per cent on almost every country in the world, and for many more, surcharges on that base tariff. Within a week, that decision was suspended until 9 July in order to reach trade agreements with other countries.
Trump recently announced that the deadline to impose tariffs on imports from other countries, which expires on 9 July, for 1 August.