Looks like the trade drama between the US and Mexico just leveled up! 🎬 US President Donald Trump has slapped a hefty 25% tariff on Mexican goods, sending ripples across both nations. But what's the scoop?
Mexican Economy Minister Marcelo Ebrard didn't hold back. Jumping onto X (you know, the platform formerly known as Twitter 🐦), he called the move a \"flagrant violation\" of the United States-Mexico-Canada Agreement. Ouch!
\"It's like the US is shooting itself in the foot,\" Ebrard said, hinting that these tariffs might just backfire on the US economy. 🔄
Lawmaker Ricardo Monreal chimed in, labeling the tariffs \"absurd, illegal, and an abuse of power.\" He even called it one of the most severe economic attacks since Mexico's independence! 🇲🇽💥
And it's not just the officials. Ignacio Martinez, an international affairs guru at the National Autonomous University of Mexico, warned that the tariffs could hit Mexico's manufacturing heartlands hard, especially in central and northern regions. 🚚💨
Plus, the southern regions might feel the squeeze too, with potential drops in remittances from Mexican migrants in the US. Less cash flow means tighter wallets and could ramp up poverty levels. 💔
So, what does this mean for you? Well, higher tariffs can lead to pricier goods on both sides of the border. Time to keep an eye on those price tags! 🛍️👀
Stay tuned as this unfolds. The economic stage is heating up, and we’re here to keep you in the loop! 🔥
Reference(s):
Officials and economists warn of increased costs from US tariffs
cgtn.com
