Mexican President Claudia Sheinbaum said on Wednesday that Mexico doesn't plan to impose tit-for-tat tariffs on the United States, ahead of President Donald Trump's planned announcement to impose new tariffs.

Trump proclaimed "Liberation Day" in the United States on Wednesday as he prepared to impose sweeping new tariffs that would escalate a trade war with global partners, including top trading allies Mexico and Canada, and prompt an increase in prices and upend a decades-old trade order.

Mexico's President Claudia Sheinbaum addresses the media as U.S. President Donald Trump is expected to announce 20% tariffs on most goods imported to the United States, at the National Palace, in Mexico City, Mexico April 2, 2025. REUTERS/Henry Romero

Sheinbaum said at her daily morning press conference that Mexico will on Thursday "announce a comprehensive program, not a tit-for-tat on tariffs."

"Let's see what announcement they make, but we have a plan to strengthen the economy under any circumstance," Sheinbaum added.

Trump's tariff announcement is scheduled for 4 p.m. Eastern Time (2000 GMT).