Mexican President Warns of Retaliatory Tariffs to Trump’s Latest Plan

The president-elect said he would quickly sign an order to impose tariffs on Mexico and Canada over illegal immigration and drugs.

Mexican President Claudia Sheinbaum speaks during the High Level Summit between Mexican and U.S. leaders and businesspeople at the National Palace in Mexico City on Oct. 15, 2024. Yuri Cortez/AFP via Getty Images

Mexican President Claudia Sheinbaum said on Nov. 26 that she would seek dialogue and cooperation with President-elect Donald Trump following his renewed threat to impose a 25 percent tariff on goods from both Canada and Mexico over illegal immigration and drugs.

Sheinbaum suggested that Mexico would respond with a retaliatory tariff against the United States.