Mexico warns Trump.

Mexico's economy minister sent Donald Trump a fighting message: We will retaliate right away if you hit us with a "major border tax."

 "It's very clear that we have to be prepared to immediately be able to neutralize the impact of a measure of that nature," economy minister Ildefonso Guajardo said Friday on a Mexican news show.

Guajardo also predicted that Trump's threat of a 35% tariff against Mexico, if carried out, would result in a "global recession" because it would inhibit companies from producing outside the U.S.

"It would be a problem for the entire world," Guajardo warned. A Trump tariff "will have a wave of impacts that can take us into a global recession," Guajardo said, speaking in Spanish.
In recent weeks, Trump has zeroed in on companies manufacturing in Mexico and selling products in the United States, threatening them with a "major border tax" of 35%.

Trade experts on both sides of the border warn that stiff tariffs would risk jobs in both countries.
Guajardo didn't say exactly how Mexico would hit back.
"There are ways -- it's very clear how -- to take a fiscal action that clearly neutralizes it," Guajardo said.
Source: Cnn.