Summary
President Joe Biden criticized President-elect Donald Trump’s plan to impose 25% tariffs on Canada and Mexico as “counterproductive,” warning it could harm relationships with key trade partners.
Trump announced the tariffs would remain until illegal immigration and fentanyl trafficking are stopped, drawing criticism from economists who argue the costs would fall on consumers.
Mexican President Claudia Sheinbaum disputed Trump’s claim that she agreed to “close borders.” Canadian Prime Minister Justin Trudeau stressed the importance of maintaining strong U.S.-Canada trade ties in response to the proposal.
If we want to fight fentanyl, much more effective would be to impose sanctions on Chinese pharmaceutical companies that produce it (they actually produce legitimate drugs too).
The tariffs idea on Mexico and Canada I bet comes from Elonia who wants to kill competitors to Tesla, who recently (especially this year) started eating into their market share and most have factories in Mexico.