Mexican President Warns of Retaliatory Tariffs in Response to Trump’s Proposed 25% Tax

Benzinga 2024-11-29

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Mexican President Claudia Sheinbaum warned of retaliatory tariffs if U.S. President-elect Donald Trump implemented a 25% tariff, cautioning that it could cost 400,000 U.S. jobs and raise consumer prices. Mexican Economy Minister Marcelo Ebrard criticized Trump's proposed tariffs as harmful to regional cooperation and U.S. economic growth, warning they violate a trade deal and would double taxes on U.S. companies operating in Mexico. Analysts view Trump's tariff threats as a negotiating strategy aimed at non-trade-related goals rather than genuine trade policy.
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