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President-Elect Sheinbaum Says US Tariffs On Mexico Would Be Very Difficult

MEXICO
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • In her latest press conference, President-elect Claudia Sheinbaum said that it would be very difficult for the US to put tariffs on Mexico autos and that any tariffs would raise prices in the US.
  • Her comments followed similar remarks from AMLO earlier today when he said that former President Trump’s threat to ban Mexican cars isn’t serious. Like Sheinbaum, he said that any ban would significantly raise prices for US consumers and that a closure of the US-Mexico border, as suggested by Trump, would cause chaos.
  • Separately, Sheinbaum said that she wasn't planning a tax increase in 2025.
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  • In her latest press conference, President-elect Claudia Sheinbaum said that it would be very difficult for the US to put tariffs on Mexico autos and that any tariffs would raise prices in the US.
  • Her comments followed similar remarks from AMLO earlier today when he said that former President Trump’s threat to ban Mexican cars isn’t serious. Like Sheinbaum, he said that any ban would significantly raise prices for US consumers and that a closure of the US-Mexico border, as suggested by Trump, would cause chaos.
  • Separately, Sheinbaum said that she wasn't planning a tax increase in 2025.