President Biden criticized President-elect Trump’s plan to impose a 25% tariff on Canada and Mexico, calling it “counterproductive” and warning against damaging relationships. Trump’s announcement came in a post on Truth Social, where he stated the tariff would remain until issues with drugs and illegal immigration were addressed. Biden expressed concern about the potential impact on trade relationships as Mexico and Canada are major suppliers of goods to the U.S. The president-elect has long promised to increase tariffs, with a focus on China, but some economists argue that these costs would ultimately be borne by consumers. Trump claimed to have reached an agreement with Mexican President Sheinbaum to stop migration through Mexico, but she clarified that Mexico’s position is not to close its borders. Canadian Prime Minister Trudeau also discussed trade with the U.S., emphasizing the importance of Canadian jobs and maintaining a strong partnership. The comments from Biden, Sheinbaum, and Trudeau highlight the potential challenges and complexities of implementing tariffs and managing international trade relationships.
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