President Claudia Sheinbaum Pardo said tariffs could cause more inflation and result in job losses for the U.S. and Mexico.

President-elect Trump's plan to increase tariffs on goods from China and impose them on products from Mexico and Canada would drive inflation up by nearly 1%, Goldman Sachs estimates.

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.