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

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

STORY: 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. “In case there are tariffs - Mexico would also raise tariffs,