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.
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.
It’s a retaliatory tactic. If the US is reducing the incentive to do trade with Mexico, why should Mexico continue to allow trade with the US without penalty?
The US isn’t in the same economic position as it was 10-20 years ago, and countries have seen the crappy tactics Trump used last time he was in office. I’m sure they’re more willing to respond in kind or even cut ties this time if their relationships becomes more abusive.