WASHINGTON (Reuters) - Mexico's "cool-headed" approach to U.S. President Donald Trump's tariff offensive has paid off in preferential treatment in his sweeping tariff announcement this week and a close working relationship with his trade team, Mexico's deputy economy secretary told Reuters on Thursday.

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

White House trade adviser Peter Navarro has suggested that the new tariffs would raise $600 billion annually, which would be the largest tax increase since World War II. Treasury

Trump's reciprocal tariffs, explained. President Trump announced yesterday that new tariffs would go into effect on imports from about 185 countries, including the U.S.’s larges

U.S. President Donald Trump's new tariff plan has the ocean shipping industry on edge as he stokes a trade war destined to stanch transport demand and send companies scrambling to manage the fallout.

Trump’s tariffs are an economic emergency. If implemented, the US’s average tariff rate would be higher than under Smoot-Hawley. They would constitute the largest tax increase since the 1968 levies to fund the Vietnam war.

Customs brokers along the busy Texas-Mexico border are bracing for slower freight lines, gridlocked trucks and more confusion at U.S. ports of entry as businesses brace for Trump's tariffs measures. Ramped up anti-drugs inspections in Mexico affecting both north- and southbound traffic,