President Joe Biden criticized President-elect Donald Trump’s announcement of a 25% tariff on Canada and Mexico, calling it “counterproductive.” Biden expressed concern about damaging relationships with these important trading partners and urged Trump to rethink his decision. The announcement was made on Truth Social, where Trump stated the tariffs would remain until issues like drug trafficking and illegal immigration were addressed. Trump’s transition team did not immediately respond to Biden’s comments. Economists have warned that steep tariffs could increase costs for consumers. Trump also claimed to have reached an agreement with Mexican President Claudia Sheinbaum to close the southern border, a claim Sheinbaum denied, stating that Mexico’s approach is to build bridges, not close borders.
Canadian Prime Minister Justin Trudeau also addressed trade with the U.S. and emphasized the importance of Canadian jobs and maintaining a strong partnership with the United States. Biden made these remarks on Thanksgiving Day during a visit to Nantucket, Massachusetts. He highlighted the need to preserve relationships with neighbors like Canada and Mexico, rather than implementing policies that could strain those ties. It remains to be seen how the incoming administration will handle trade relations with these countries and the broader implications for the U.S. economy.
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