President Claudia Sheinbaum Pardo said tariffs could cause more inflation and result in job losses for the U.S. and Mexico.

President-elect Donald Trump threatened to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs. He said he would impose a 25% tax on all products entering the country from Canada and Mexico,

The president-elect said that he would impose the across-the-board tariffs on Day 1 and that they would stay in place until Canada, Mexico and China halted the flow of drugs and migrants.

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

U.S. President Joe Biden on Thursday said he hoped President-elect Donald Trump would rethink his plan to impose tariffs on Mexico and Canada, saying it could "screw up" relationships with close allies.

The tariffs, if implemented, could dramatically raise prices for American consumers on everything from gas to automobiles to agricultural products.

Donald Trump plans to increase tariffs on Mexico, Canada, and China. The incoming chair of the New Democrat Coalition, Rep. Brad Schneider, joins The Weekend to discuss the Democrats’ fight ahead as Trump’s tariff plan stirs troubles for the U.

President-elect Trump has put the country’s top three trading partners on notice less than two months before he takes office. The former president threatened Monday to impose steep 25 percent tariffs on all goods from Canada and Mexico — two key U.