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.

Mexican Economy Minister Marcelo Ebrard said on Wednesday that a 25% across-the-board tariff proposed by U.S. President-elect Donald Trump would lead to the loss of 400,000 jobs in the United States,

Donald Trump says he will impose a 25% tariff on goods coming from Mexico and Canada, plus an extra 10% on Chinese goods.