By Sarah Morland, Raul Cortes and Brendan O'Boyle MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate if U.S. President-elect Donald Trump followed through with his proposed 25% across-the-board tariff,

President Claudia Sheinbaum Pardo said tariffs could cause more inflation and result in job losses for the U.S. and Mexico.

The President of Mexico stopped migrant caravans heading to the U.S.-Mexico border in response to threats of tariffs from U.S. President-elect Donald Trump.