If US President-elect Donald Trump imposes 25 percent tariffs on products from Mexico, it will cost the US economy 400,000 jobs and lead to higher consumer prices. This is reported by Bloomberg with reference to a statement by the Minister of Economy of Mexico, Marcelo Ebrard.
Ebrard said the new tariffs would primarily affect U.S. auto companies operating in Mexico, including General Motors and Ford Motor, which make 88% of the pickup trucks sold in the United States.
“According to our estimates, the average price of these cars will increase by $3,000 per unit.” – he pointed out.
Previously, Trump said the United States would impose 25% tariffs on all Mexican and Canadian products. He attributed this decision to the flows of illegal immigrants and drug trafficking.
Reuters also reported that on his first day in office, Trump would take “a series of executive actions” aimed at strengthening immigration enforcement. According to the agency’s interlocutors, these measures will provide officials of the Federal Immigration Service with more opportunities to arrest people without criminal records, deploy troops to the border between the United States and Mexico and resume the construction of the border wall, clarifies RBC.
