Canada, Mexico leaders stress cooperation after Trump tariffs threat | International Trade News [Video]

The leaders of Mexico and Canada are urging dialogue and cooperation after United States President-elect Donald Trump pledged to impose 25-percent tariffs on the two countries when he takes office early next year.

During a news conference on Tuesday, Mexican President Claudia Sheinbaum said she planned to send a letter to Trump stressing the need to work together on joint challenges.

“To one tariff will come another and so on until we put our common businesses at risk,” Sheinbaum said, warning that tariffs would cause inflation and job losses in both countries.

In a post on social media on Monday evening, Trump said he planned to “charge Mexico and Canada a 25% Tariff on ALL products coming into the United States”.

“This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country! Both Mexico and Canada have the absolute right and …