Mexican President Claudia Sheinbaum says that the incoming U.S. president’s plan to institute massive tariffs on Mexican imports would bring about mutually assured economic destruction.

Mexican President Claudia Sheinbaum threatened to implement retaliatory tariffs should Trump implement his proposed economic measures against Mexico.

Mexican President Claudia Sheinbaum on Tuesday warned U.S. President-elect Donald Trump of dire economic consequences for both countries from tariffs and suggested possible retaliation following his threat of across-the-board tariffs of 25% on Mexico and Canada.

Mexican President Claudia Sheinbaum said Mexico would retaliate if President-elect Donald Trump carries out his threats to slap a 25% tariff on Mexican and Canadian goods unless they address illegal migration and fentanyl trafficking.

Trump threatened to impose tariffs on Mexico, Canada and China through executive order on Inauguration Day. It’s unclear exactly what that will mean.

President Claudia Sheinbaum Pardo said tariffs could cause more inflation and result in job losses for the U.S. and Mexico.

Donald Trump's pledge to slap tariffs on imports to the U.S. from Mexico could be more damaging for European car makers like Volkswagen and Stellantis and their suppliers than any direct tariffs on EU goods,