The calculations, which do not include the effect of potential retaliation, reinforce the theory that inflation could go up with the Republican’s plan to slap Washington’s North American partners with

Even as Mexico President Claudia Sheinbaum attempts to quell concerns over Donald Trump’s threat of 25% tariffs, economists are looking glumly at the trouble ahead should the US president-elect actually follow through.

Donald Trump has announced 25% tariffs on Mexico and Canada. Here is how they would work and what such tariffs might mean.