Mexicos top economic official Marcelo Ebrard talks about counter-measures in a recent radio chat showing how trade issues might get complex (missing proper punctuation)
If you put 25% tariffs on me‚ I have to react with tariffs
The economy minister brings up past events from about 4 years ago when trade-relations got shaky due to immigration-related demands. Its worth noting that similar issues came up during previous US leadership; causing economic un-certainty between both countries
The high-ranking official points out some key facts about possible outcomes:
- Both sides would face major financial impact
- North American trade would slow down
- US shoppers might see higher prices
- Business-relations could get harder
Looking at todays situation Ebrard explains that putting fees on goods would make things cost more in America which he sees as a big reason not to start any trade fights. The whole north-american market could face serious problems if both countries start adding import costs