Mexico’s economy secretary says President-elect Donald Trump’s tariff plan would destroy 400,000 jobs in the United States, since it would impact the bottom line of U.S. companies that manufacture in Mexico.
Trump said on social media this week that he would put a 25% tariff on all goods coming from Mexico and Canada, unless they stopped the flow of migrants and fentanyl into the U.S.
Auto manufactures like General Motors and Ford have long made cars in Mexico.
Mexico’s economy secretary, Marcelo Ebrard, estimates that 88% of pickups in the U.S. were manufactured in Mexico. He said Trump’s tariffs would make them more expensive for consumers, and called them “a shot in the foot” for the U.S.
The tariffs could also impact workers in Mexico. A large Ford plant in Hermosillo manufactures Bronco Sport SUVs and Maverick trucks and is one of the city’s most important private employers.
Mexican President Claudia Sheinbaum suggested this week that she would consider imposing her own retaliatory tariffs if Trump’s were to go into effect.
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