Mexican President Claudia Sheinbaum on Tuesday warned U.S. President-elect Donald Trump of dire economic consequences for both countries from tariffs and suggested possible retaliation following his threat of across-the-board tariffs of 25% on Mexico and Canada.

Mexican President Claudia Sheinbaum threatened to implement retaliatory tariffs should Trump implement his proposed economic measures against Mexico.

Mexican President Claudia Sheinbaum has clapped back at President-elect Trump’s proposed 25% tariff on imported goods from Mexico, saying she would impose tariffs of her own on the U.S.

Mexican president Claudia Sheinbaum suggested that Mexico could retaliate against the threat of 25% import duties on Mexican goods by imposing its own tariffs in response to any Trump tariffs.

President-elect Trump says he will add a 25 percent tax on goods from Canada and Mexico on his first day in office.

With a Monday evening promise on Truth Social that his incoming administration will slap 25 percent tariffs on all goods from Canada and Mexico — as well as increasing already existing tariffs on China — Trump sent reporters (and investors,