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.