Mexico would raise tariffs if US does so first, president says

MEXICO CITY (Reuters) - Mexican President Claudia Sheinbaum said on Tuesday that Mexico would raise tariffs on imports from the United States if President-elect Donald Trump follows through on his threat to issue a 25% tariff on Mexican imports after taking office.

"If there are U.S. tariffs, Mexico would also raise tariffs," Sheinbaum said in a press conference on Wednesday, adding that doing so would allow "benefits" for Mexico in the event of tariffs from Washington.

(Reporting by Mexico City newsroom; Writing by Brendan O'Boyle)

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