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he's not even in office yet! Mexico!
Mexico's economy minister sent Donald Trump a fighting message: We will retaliate right away if you hit us with a "major border tax.""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 Friday 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 U.S.
"It would be a problem for the entire world," Guajardo warned. A Trump tariff "will have a wave of impacts that can take us into a global recession," Guajardo said, speaking in Spanish.
In recent weeks, Trump has zeroed in on companies manufacturing in Mexico and selling products in the United States, threatening them with a "major border tax" of
35%.
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 U.S.
"It would be a problem for the entire world," Guajardo warned. A Trump tariff "will have a wave of impacts that can take us into a global recession," Guajardo said, speaking in Spanish.
In recent weeks, Trump has zeroed in on companies manufacturing in Mexico and selling products in the United States, threatening them with a "major border tax" of
35%.
http://money.cnn.com/2017/01/14/news/economy/donald-trump-mexico-tariffs-response/index.html
3 replies
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