Mexico’s government on Monday signaled that it planned to hit back with trade restrictions of its own if President-elect Donald J. Trump followed through on his threats to impose sky-high tariffs on Mexican exports to the United States.
“If you put 25 percents tariffs on me, I have to react with tariffs,” Marcelo Ebrard, Mexico’s economy minister, told a radio interviewer on Monday. “Structurally, we have the conditions to play in Mexico’s favor,” he added.
The disclosure by Mr. Ebrard, who is poised to be one of Mexico’s top negotiators with the Trump administration, showcases the rising tensions between the countries in the aftermath of the U.S. presidential election.
During his campaign, Mr. Trump vowed to immediately place 25 percent tariffs on all goods from Mexico unless that country’s government halted the flow of migrants and drugs to the United States. If Mexico fails to respond to Mr. Trump’s satisfaction, he said, he could raise such tariffs to as high as 100 percent.
Such moves could send shock waves through the economy of Mexico, which is exceptionally dependent on trade with the United States, exporting about 80 percent of its goods to its northern neighbor. […]
— Read More: endtimeheadlines.org
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