Published: 12:05, February 26, 2025
Mexican president expects deal with US to avert tariffs
By Xinhua
Mexico's President Claudia Sheinbaum delivers a speech during a military ceremony to commemorate the Mexican Flag Day at Marte Military Sports Field in Mexico City on Feb 24, 2025. (PHOTO / AFP)

MEXICO CITY - Mexican President Claudia Sheinbaum said Tuesday that she expects a deal this week to prevent the United States from imposing a 25 percent tariff on Mexican exports.

At her daily press briefing, Sheinbaum said that she plans to speak with US President Donald Trump to finalize the agreement and stressed the urgency of reaching a deal before March 4, when the suspension period negotiated with Trump expires.

READ MORE: Trump says tariffs on Mexico, Canada to 'go forward'

Trump said Monday that tariffs on Mexico and Canada remain an option as part of his push for trade reciprocity, particularly with Europe.

Sheinbaum noted that Mexico has no tariffs on US goods and that negotiations on trade and security are ongoing. "If tariffs are imposed, we have a Plan B, Plan C, Plan D, Plan E," she said, without providing details.

READ MORE: Trump pauses tariffs on Canada, Mexico for a month

Last month, Trump suspended the tariff threat for 30 days, demanding Mexico and Canada take stronger action against fentanyl trafficking and illegal migration. In response, Mexico deployed 10,000 National Guard troops to its northern border, while the US pledged to crack down on arms smuggling.