Mexican President Warns of Retaliatory Tariffs to Trump’s Latest Plan – EVOL

Mexican President Claudia Sheinbaum said on Nov. 26 that she would seek dialogue and cooperation with President-elect Donald Trump following his renewed threat to impose a 25 percent tariff on goods from both Canada and Mexico over illegal immigration and drugs.

Sheinbaum suggested that Mexico would respond with a retaliatory tariff against the United States.

“One tariff will follow another and so on, until we put our common businesses at risk,” she said, noting that the duties may cause inflation and job losses in both the United States and Mexico.

Throughout the 2024 presidential campaign, Trump threatened to issue a 25 percent tariff on goods coming from Mexico if it did not comply with his demands on curbing illegal immigration. On Nov. 25, he warned Mexico and Canada that he would quickly impose tariffs on imports unless they cracked down on illegal immigrants as well as fentanyl and other drugs coming across their respective borders into the United States.

As of September, Mexico is the top U.S. trade partner, representing 15.8 percent of total trade, followed by Canada at 13.9 percent. The United States is also Mexico’s top trade partner.

Sheinbaum said she would also seek a call with

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