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.

President Trump’s order doubling tariffs on steel and aluminum imports from 25% to 50% took effect Wednesday. In response, Mexican President Claudia Sheinbaum accused Trump of violating the United States-Mexico-Canada Agreement and said Mexico would soon announce countermeasures.