Mexico would elevate tariffs if US does so first, president says

MEXICO CITY (Reuters) – Mexican President Claudia Sheinbaum stated on Tuesday that Mexico would elevate tariffs on imports from the USA if President-elect Donald Trump follows by way of on his risk to situation a 25% tariff on Mexican imports after taking workplace.

“If there are U.S. tariffs, Mexico would additionally elevate tariffs,” Sheinbaum stated in a press convention on Wednesday, including that doing so would enable “advantages” for Mexico within the occasion of tariffs from Washington.