Sheinbaum announces plans to cut Chinese imports in response to Trump’s criticisms
Mexican President Claudia Sheinbaum announced a strategic economic plan targeting reduced imports from China, seemingly acknowledging concerns raised by US President-elect Donald Trump over Mexico's role as a conduit for Chinese products entering the US market.
In her address, she reaffirmed support for the US-Mexico-Canada Agreement (USMCA), describing it as central to competitive positioning against China.
In her speech, Sheinbaum also emphasised her commitment to the US-Mexico-Canada Agreement (USMCA), calling it crucial for Mexico to remain competitive in the face of China’s economic power. The trade deal, which is set for review in 2026, was defended as the best way to secure Mexico's economic future amid growing trade tensions with the US.
The new plan comes at a time when relations between Mexico and the US have soured over tariff threats from Trump, who has accused Mexico of enabling Chinese goods to bypass US tariffs.
While Mexico has denied these allegations, it has taken steps to address them, including cracking down on contraband goods from Asia and imposing tariffs on Chinese e-commerce platforms like Shein and Temu.
Sheinbaum's economic vision centres on boosting local industries and reducing dependence on imports, particularly from China. Her agenda includes promoting local sourcing in sectors like textiles and automobiles and supporting Mexican steel producers, who have long complained about underpricing in the Chinese market.
As part of her broader economic goals, Sheinbaum outlined plans to increase investment in Mexico to 28% of GDP, create 1.5 million manufacturing jobs, and cut regulatory barriers to stimulate growth. She aims to position Mexico among the world’s top 10 economies by 2030, up from its current 12th place.
Sheinbaum, who has a background in climate science, reiterated her environmental commitments, including plans to make 45% of Mexico's energy grid sustainable. However, this ambition faces challenges, particularly in light of the financially struggling state oil company, Pemex, which has received significant support from the government under former President Andrés Manuel López Obrador.
