Mexico considers retaliatory tariffs in response to Trump's import duty threat

Mexico's President Claudia Sheinbaum indicated that Mexico may impose its own tariffs in response to U.S. President-elect Donald Trump's threat of a 25% import duty on Mexican goods. She emphasized the need for dialogue and described drug trafficking as a U.S. issue. Sheinbaum noted that Mexico has made efforts to reduce migrant flows and criticized U.S. arms smuggling as a contributing factor to drug problems. She stated that escalating tariffs could harm businesses on both sides of the border, particularly U.S. automakers. Trump's recent threats include tariffs on goods from Mexico and Canada, aimed at addressing illegal immigration and drug trafficking. The potential tariffs could significantly impact prices for American consumers, raising concerns about economic repercussions.