Could a tariff war erupt between the United States and Mexico? A top Mexican official said his country might retaliate if the Trump administration placed steep tariffs on Mexico.

The US president-elect Donald Trump vowed to impose tariffs of as much as 25% on Mexican imports during the final days of his campaign.

MEXICO CITY — Mexico’s government on Monday signaled that it planned to hit back with trade restrictions of its own if President-elect Donald J. Trump followed through on his threats to impose sky-high tariffs on Mexican exports to the United States.

Mexican Minister of Economy Marcelo Ebrard attends a press conference after a meeting with business people from Mexico and the United States, in Mexico City, Mexico October 15, 2024 REUTERS/Raquel Cunha/File Photo MEXICO CITY (Reuters) - Mexico's Economy Minister Marcelo Ebrard suggested on Monday that the Mexican government could retaliate with its own tariffs on U.