Only a few days ago the president of Mexico, Claudia Sheinbaum, was questioning with some skepticism whether or not Donald Trump would actually follow through on his threats of 25% tariffs on most Mexican-made goods.  "We don't think it's going to happen," Sheinbaum said at her regular morning press conference. "And if it does happen, we also have our plan."

As of the 1st of February it appears that her doubts have been put to rest.  Donald Trump has reiterated that he is going to stick to his tariff plan and that it will not be incremental.  Around 80% of all Mexican exports go to the US, which means that the majority of their manufacturing base will be immediately hit with a drop in US retail demand.  Mexican business leaders say this will trigger a number of bankruptcies and higher unemployment in border cities.  

Sheinbam claims in a recent press conference that she has a 'Plan A, Plan B and Plan C' in the face of high tariffs, but what does she really mean?  What would Mexico's response be, specifically?