President Sheinbaum said that if Mexico fails to reach an agreement with the United States, her government will announce its response to the 50% steel tariff next week.

President Trump has doubled the rate on foreign metals to 50%, saying the levies weren’t high enough to help the U.S. industry.

Mexican President Claudia Sheinbaum on Wednesday described the latest US tariff hikes on steel and aluminium imports, which doubled from 25 per cent to 50 per cent, as "unfair," "unsustainable," and lacking any "legal basis."