Could a tariff war erupt between the United States and Mexico? A top Mexican official said his country might retaliate if the Trump administration placed steep tariffs on Mexico.

Mexico's Economy Minister Marcelo Ebrard suggested on Monday that the Mexican government could retaliate with its own tariffs on U.S. imports if the incoming Trump administration slaps tariffs on Mexican exports.

Mexico's Economy Minister Marcelo Ebrard hinted at possible retaliatory tariffs against the U.S. if the Trump administration imposes tariffs on Mexican exports. The statement was made during an interview with Radio Formula,

The US president-elect Donald Trump vowed to impose tariffs of as much as 25% on Mexican imports during the final days of his campaign.