Mexican President Claudia Sheinbaum warned of retaliatory tariffs if U.S. President-elect Donald Trump implemented a 25% tariff, cautioning that it could cost 400,000 U.S. jobs and raise consumer prices. Mexican Economy Minister Marcelo Ebrard criticized Trump's proposed tariffs as harmful to regional cooperation and U.S. economic growth, warning they violate a trade deal and would double taxes on U.S. companies operating in Mexico. Analysts view Trump's tariff threats as a negotiating strategy aimed at non-trade-related goals rather than genuine trade policy.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Mexican President Claudio Shinebaum warned of retaliatory tariffs
00:06if U.S. President-elect Donald Trump implements a proposed 25% tariff,
00:10cautioning that it could cost 400,000 U.S. jobs and raise consumer prices.
00:15Mexican Economy Minister Marcelo Ebrard criticized Trump's proposed tariffs
00:20as harmful to regional cooperation and U.S. economic growth, warning they violate a trade
00:25deal and would double taxes on U.S. companies operating in Mexico. Analysts view Trump's
00:30tariffs threats as a negotiating strategy aimed at non-trade-related goals rather than
00:35genuine trade policy. For all things money, visit Benzinga.com slash GSTV.