Mexico Threatens Retaliatory Tariffs On US Goods

The Associated Press reports:

President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% import duties on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border.

Sheinbaum said she was willing to engage in talks on the issues, but said drugs were a U.S. problem.

“One tariff would be followed by another in response, and so on until we put at risk common businesses,” Sheinbaum said, referring to U.S. automakers that have plants on both sides of the border. She said Tuesday that Mexico had done a lot to stem the flow of migrants, noting “caravans of migrants no longer reach the border.”

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Mexico suggests it would impose its own tariffs to retaliate against any Trump tariffs

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— Associated Press 🤖 (@asssociatedpress.bsky.social) November 26, 2024 at 9:36 AM