Mexican Economy Minister Marcelo Ebrard said on Wednesday that a 25% across-the-board tariff proposed by U.S. President-elect Donald Trump would cause the loss of 400,000 jobs and slow growth in the United States,

Economists worry that Trump's tariff plan will raise the prices of a range of imported goods, from cars to electronics.

Mexican Economy Minister Marcelo Ebrard called the 25 percent import tariff on Mexico and Canada proposed by President Donald Trump "a shot in the foot."