N@N

Mexico warns Trump tariffs would kill 400,000 US jobs, threatens retaliation

The article from Reuters discusses Mexico's warning to the United States about the potential economic repercussions of former President Donald Trump's proposed 10% tariff on all imports if he were to win the 2024 election. Mexican Economy Minister Raquel Buenrostro highlighted that such a tariff could lead to the loss of approximately 400,000 jobs in the U.S., particularly in states like California, Texas, Michigan, and Illinois, which have significant trade with Mexico. The article notes that this tariff would not only affect Mexican exports but also increase costs for American consumers and disrupt supply chains. It also mentions that the U.S. and Mexico are currently the largest trading partners, with trade amounting to $863.2 billion in 2023. The potential tariff has raised concerns about its impact on the economic relationship between the two countries, prompting discussions on the broader implications for North American trade dynamics.

Read the Full Reuters Article at [ https://www.reuters.com/markets/mexico-warns-trumps-tariff-would-kill-400000-us-jobs-2024-11-27/ ]