Mexican president warns of retaliatory tariffs against Trump's proposed import duties

Mexican President Claudia Sheinbaum warned of retaliatory tariffs in response to President-elect Donald Trump's proposed 25% import duties on Mexico and Canada. She argued that these tariffs would not solve issues related to migration and drug trafficking. Sheinbaum stated that Mexico would impose its own tariffs if the U.S. moves forward with its plan. She emphasized that such actions could harm businesses in both countries and lead to inflation and job losses. Canadian Prime Minister Justin Trudeau reported a positive conversation with Trump, discussing cooperation on shared challenges. Trudeau highlighted the importance of effective communication between the two countries.