The Globe and Mail reports in its Thursday, Nov. 28, edition that Mexican President Claudia Sheinbaum warned that Mexico would retaliate if U.S. president-elect Donald Trump imposed a 25-per-cent tariff, a move her government said could cost 400,000 U.S. jobs. A Reuters dispatch to The Globe reports that Ms. Sheinbaum stated, "Mexico would raise tariffs if the U.S. imposes tariffs," indicating the country's readiness for possible trade retaliations against its top partner. Mexican Economy Minister Marcelo Ebrard urged for increased regional co-operation instead of retaliatory import taxes, calling Mr. Trump's proposed tariffs a "shot in the foot" and a violation of the USMCA trade deal. Mr. Ebrard warned that the tariffs could cause significant U.S. job losses, reduce growth and double the taxes for U.S. companies operating in Mexico. Brian Hughes, a spokesman for Mr. Trump's transition team, said the tariffs would protect U.S. manufacturers and workers from "unfair practices of foreign companies and foreign markets." The proposed tariffs would hit the automotive sector's top cross-border exporters especially hard, Mr. Ebrard added, and push up vehicle prices for consumers by thousands of dollars.