Mexico to Counter U.S. Tariffs Under Trump Presidency

Mexican President Claudia Sheinbaum announced plans for Mexico to implement retaliatory tariffs on U.S. imports should President-elect Donald Trump initiate a 25% tariff on Mexican goods. The President noted that such measures would protect Mexico's economic interests.

Mexican President Claudia Sheinbaum has declared that Mexico would impose reciprocal tariffs on American imports if incoming U.S. President Donald Trump enacts a proposed 25% tariff on Mexican goods.

Speaking at a Wednesday press conference, Sheinbaum made it clear that Mexico wouldn't shy away from raising tariffs, describing the move as a strategic response to protect economic advantages for Mexico. She highlighted the importance of maintaining a balanced trade relationship amid potential challenges with the Trump administration.

The announcement underscores rising tensions in Mexico-U.S. economic relations, with both sides poised for a fiscal showdown as Trump's inauguration approaches.

(With inputs from agencies.)