Reported about 8 hours ago
Mexican Economy Minister Marcelo Ebrard stated that a proposed 25% tariff from President-elect Donald Trump would lead to a loss of 400,000 jobs in the US, hinder economic growth, and negatively impact both US companies and consumers. He emphasized the potential harm to the automotive industry and called for more regional cooperation instead of escalating trade tensions. Ebrard's comments followed Trump’s tariff announcement, which could violate the US-Mexico-Canada Agreement (USMCA), prompting concerns of a new trade war and a reevaluation of trade relations between the three countries.
Source: YAHOO