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Mexico's Claudia Sheinbaum Threatens Retaliatory Tariffs Against Trump's Proposed 25% Tariff, Warns of Economic Impact

Nov 27, 2024, 03:45 PM

Mexican President Claudia Sheinbaum has indicated that Mexico may impose retaliatory tariffs in response to a proposed 25% tariff on Mexican goods by President-elect Donald Trump. Sheinbaum framed this potential action as a defense of Mexico's economic interests. The announcement comes amid heightened tensions regarding trade relations between the U.S. and its North American neighbors, with Canadian officials also criticizing Trump's tariff threats. Mexico's Secretary of Economy, Marcelo Ebrard, has presented an analysis of the implications of Trump's proposed tariffs, emphasizing the potential impact on trade dynamics in the region.