Explainer-Trump's Mexico tariff threats: what has been said and what would the impact be?


FILE PHOTO: Trailer trucks queue to cross into the United States at the Otay Mesa Port of Entry, in Tijuana, Mexico, November 27, 2024. REUTERS/Jorge Duenes/File Photo

MEXICO CITY (Reuters) - If U.S. President Donald Trump follows through on his pledge to slap 25% tariffs on imports from Mexico it could usher in a volatile new chapter in the longstanding trade relationship with the impacts hitting consumers.

Mexico is the United States' largest trading partner, representing over 15% of total trade. The U.S. imported more than $475 billion worth of Mexican products in 2023, a figure that has grown about 70% over the last decade, census data showed. U.S. exports to Mexico also accounted for more than $322 billion.

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