As President Donald Trump rolls out his “America First” policies, few countries have more to lose than Mexico.

U.S. President Donald Trump has pledged to place 25% tariffs on imports from Mexico and Canada from Feb. 1 if the two countries are not judged to be doing enough to stop the flow of fentanyl into the United States.

Donald Trump plans to impose 25% tariffs on imports from Canada and Mexico but is undecided on oil exemptions. The tariffs aim to address illegal migration and fentanyl issues.

We don’t think it’s going to happen really,” she said during her daily morning news conference on Wednesday, just days before Trump’s threatened tariffs might begin. “And if it happens, we also have our plan.

"We don't think it's going to happen," Sheinbaum said at her regular morning press conference. "And if it does happen, we also have our plan." In what Mexico sees as the unlikely event that the U.S. does implement tariffs against its largest trading partner on Feb.

Mexico President Claudia Sheinbaum said on Wednesday she doesn't believe the United States will impose tariffs on Feb. 1, after the White House doubled down on U.S. President Donald Trump's pledge to do so.