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Mexico Will Immediately Respond To Any U.S. Border Tax

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News video: Mexico Will Immediately Respond To Any U.S. Border Tax

Reuters reports that on Friday, Mexico's economy minister said that Mexico must be ready to respond immediately with its own tax measures if the incoming administration of President-elect Donald Trump imposes a border tax, warning such protectionism may trigger a global recession. Trump, who takes office on Jan.

20, has promised a "major border tax" on companies that shift jobs outside the United States, and such a measure could hobble Mexico's exports to its top trading partner..

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