Trade
Mexico Hints at Retaliation to Trump’s Tariff Threats
- Sheinbaum calls for cooperation instead of trade hostility
- Mexican leader warns tariffs only put companies at risk
President Claudia Sheinbaum suggested Mexico could respond to Donald Trump’s threatened tariffs with levies of its own, warning the economic consequences would be dire.
Sheinbaum, reading aloud Tuesday from a letter she directed at the US president-elect after he vowed to slap 25% tariffs on all goods from Mexico and Canada, said cooperation would be a better way to curb the flow of migrants and illegal drugs.