Trade partners warn Trump tariffs could harm economies and worsen inflation

Officials from Mexico, Canada, and China have expressed concerns over U.S. President-elect Donald Trump's proposed tariffs on imports from these countries. They warn that such tariffs could harm all economies involved and worsen inflation and job markets. Mexican President Claudia Sheinbaum plans to reach out to Trump to discuss the issue. Canadian officials also noted that the tariffs would significantly impact both the U.S. and Canadian economies. China's embassy stated that no one benefits from a trade war. Trump's tariffs, aimed at addressing issues like drug trafficking, could violate the U.S.-Mexico-Canada Agreement. The announcement has already affected currency values in Mexico and Canada, while U.S. stock markets remained relatively stable.