Mexico would raise tariffs if US does so first, president says

Mexican President Claudia Sheinbaum said on Tuesday that Mexico would raise tariffs on imports from the United States if President-elect Donald Trump follows through on his threat to issue a 25% tariff on Mexican imports after taking office.

"If there are U.S. tariffs, Mexico would also raise tariffs," Sheinbaum said in a press conference on Wednesday, adding that doing so would allow "benefits" for Mexico in the event of tariffs from Washington.