Trump threatens new tariffs on Mexico and Canada, raising trade tension concerns

President-elect Donald Trump has threatened new tariffs on goods from Mexico and Canada, aiming to address issues like fentanyl trafficking and illegal immigration. This has sparked discussions among world leaders and businesses about potential trade tensions. Trump's proposed tariffs could reach 25%, prompting concerns about rising prices for American consumers and companies, particularly in the auto industry. President Joe Biden criticized the idea, calling it counterproductive. In recent communications, Trump and Mexico's President Claudia Sheinbaum discussed these tariffs. While Trump claimed progress on migration issues, Sheinbaum emphasized Mexico's commitment to cooperation rather than closing borders.