Mexico Warns Trump on Tariffs

Mexico’s economy minister sent Donald Trump a fighting message: We will retaliate right away if you hit us with a “major border tax”, CNNMoney reported. “It’s very clear that we have to be prepared to immediately be able to neutralize the impact of a measure of that nature,” Economy Minister Ildefonso Guajardo said on a Mexican news show. Guajardo also predicted that Trump’s threat of a 35% tariff against Mexico, if carried out, would result in a “global recession” because it would inhibit companies from producing outside the US.