Mexico President Claudia Sheinbaum said Tuesday that Mexico will respond to 25% tariffs imposed by the United States with its own retaliatory tariffs on U.S. goods. Sheinbaum said she will announce the products Mexico will target on Sunday in a public event in Mexico City’s central plaza, perhaps indicating Mexico still hopes to de-escalate the trade war set off by U.S. President Donald Trump.
  • BlemboTheThird@lemmy.caEnglish
    4·
    8 hours ago

    he would prefer it to stay reasonably rich

    I think he’d much rather eliminate one of the top economies and make more room for the Russian economy to recover. I’d imagine the simplified version of the plan goes something like this:

    1. Make the US destroy all its current trade relationships
    2. In manufactured desperation, the US drops sanctions and tries to lean on Russia as a new partner
    3. ???
    4. Profit