Mexican President Claudia Sheinbaum has drawn a line in the sand 🌵, warning that proposed 25% U.S. tariffs could backfire spectacularly. The move, floated by President-elect Donald Trump, might wipe out 400,000 American jobs and spike prices for U.S. consumers, officials say.
\"It's a Shot in the Foot\"
Economy Minister Marcelo Ebrard didn’t mince words: Trump’s tariffs risk violating the USMCA trade deal and would hit Ford, GM, and Stellantis hardest. 🚘 \"The average pickup truck price could jump $3,000,\" he warned—a gut punch to rural Trump voters who rely on Mexico-made vehicles.
From Trade War to Phone Call Diplomacy
After a Wednesday phone call, Sheinbaum called her talk with Trump \"excellent,\" focusing on security collaboration. But analysts remain skeptical. David Kohl of Julius Baer called the tariffs a \"negotiating tactic\" to address migration and drug flows rather than pure trade policy. 🔄
Meanwhile, Mexico claims migrant caravans have dwindled due to its border management. With tensions simmering and midterm elections looming, will tariffs become Trump’s trump card—or a costly miscalculation? 💸
