Mexican President Claudia Sheinbaum says that the president-elect’s threat to enact massive tariffs on Mexican imports would lead to mutually assured economic destruction.

Economists worry that Trump's tariff plan will raise the prices of a range of imported goods, from cars to electronics.

By Sarah Morland, Raul Cortes, Brendan O'Boyle MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate if U.S. President-elect Donald Trump followed through with his proposed 25% across-the-board tariff,