Mexico’s President Claudia Sheinbaum Pardo said her country would go after the US with its own tariffs if Donald Trump pushed ahead with his.
Mexico’s President Claudia Sheinbaum Pardo said her country would go after the US with tariffs of its own if President-elect Donald Trump pushed ahead with new tariffs on goods from the country, which would damage joint venture partnerships.
On Monday, Trump took to his Truth Social platform to announce that he would sign an executive order on his first day back in office to impose a 25% tariff on all goods from Mexico and Canada, and an additional 10% tariff on imports from China.
He said the tariffs would “remain in effect until such time as Drugs, in particular, Fentanyl, and all Illegal Aliens stop this Invasion of our Country!”
During a press conference on Tuesday, Sheinbaum said that “one tariff will be followed by another, and so on, until we put joint ventures at risk.”
She pointed to General Motors, Stellantis, and Ford Motor Company as Mexico’s main exporters to the US and as businesses that tariffs could endanger.
“Why tax them and put them at risk?” Sheinbaum said, adding that tariffs “would trigger inflation and job losses in the US and Mexico.
