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Mexico Warns Against 'Inflationary' US Tariff Plan

The article from Transport Topics discusses Mexico's response to potential U.S. tariffs on Mexican goods. Mexican Economy Minister Ildefonso Guajardo has warned that imposing tariffs could lead to a trade war, negatively impacting both economies. He emphasized the importance of the North American Free Trade Agreement (NAFTA) and the ongoing negotiations to modernize it. Guajardo highlighted that Mexico is prepared to retaliate if the U.S. proceeds with tariffs, potentially affecting billions in trade. He also mentioned the broader implications for global trade relations and the need for a cooperative approach to resolve trade disputes, rather than resorting to protectionist measures. The article underscores the delicate balance in trade relations between the U.S. and Mexico, with significant economic consequences at stake.

Read the Full Transport Topics Article at [ https://www.ttnews.com/articles/mexico-warns-against-tariffs ]