Mexican President Claudia Sheinbaum reportedly said Wednesday her country does not plan on imposing retaliatory tariffs on the U.S.

Sheinbaum also said that she will on Thursday announce a "comprehensive program, not a tit-for-tat on tariffs," according to Reuters.

The announcement comes just before President Donald Trump's scheduled announcement Wednesday on what is expected to be a slew of new tariffs, in addition to ones he already imposed, including a 25% tariff on some Mexico imports.