Biden urges Trump to rethink proposed tariffs on imports from Mexico, Canada, and China

President Joe Biden expressed concerns about President-elect Donald Trump's proposed tariffs on imports from Mexico, Canada, and China. Speaking in Nantucket, Biden called the tariffs "counterproductive" and urged Trump to reconsider the measures. Trump plans to impose a 25 percent tariff on goods from Mexico and Canada and a 10 percent tariff on Chinese imports. These tariffs could generate significant tax revenue but may lead to higher prices for U.S. consumers and businesses. Responses from Mexico and Canada indicate a desire to avoid conflict, while China criticized the proposals. Concerns have also been raised about potential price increases by companies if the tariffs are implemented.