Mexico Threatens Retaliatory Tariffs If Trump Follows Through With His Trade Threats

“If you apply tariffs, we’ll have to apply tariffs. And what does that bring you? A gigantic cost for the North American economy,” Ebrard, Marcelo Ebrard said. (Credit: Photo by Jaime Nogales/Jam Media/Getty Images)

Mexico may impose retaliatory tariffs on U.S. imports during the incoming administration of Donald Trump if he follows through with its threat to place tariffs on Mexican exports, Mexican Economy Secretary Marcelo Ebrard warned this week. Ebrard said the retaliatory tariffs would have significant economic consequences for both countries, as well as North America as a whole.

Ebrard pointed out the potential economic fallout from such a move from Trump, recalling his threat to imposing a 25% tariff on Mexican goods as a way of seeking concessions from Mexico on immigration enforcement.