Mexican president warns Trump tariffs could harm economy and jobs

Mexican President Claudia Sheinbaum announced she will send a letter to U.S. President-elect Donald Trump, urging cooperation after his proposed 25% tariffs on Mexico and Canada. She warned that tariffs could lead to inflation and job losses. Sheinbaum emphasized the need for dialogue, stating that escalating tariffs would threaten businesses in both countries. She highlighted Mexico's efforts to combat drug trafficking and noted a decrease in migrant apprehensions at the border. The Mexican peso fell 1.3% following Trump's announcement. Sheinbaum pointed out that while Mexico does not produce weapons or consume synthetic drugs, it faces violence linked to U.S. demand.