There's a lot of integration of North American manufacturing in a lot of sectors, particularly autos, so this would be pretty disruptive for a lot of US companies and industries. Tariffs are inflationary and will drive up prices.
Ricardo Monreal, leader of Mexico's ruling party in the lower house of congress, said tariffs would "not solve the underlying issue" at the border. "Escalating trade retaliation would only hurt people's pockets."
Diego Marroquín Bitar at the Wilson Center think tank warned that unilateral tariffs "would shatter confidence in USMCA and harm all three economies."
In a joint statement, Canada's deputy prime minister, Chrystia Freeland, and public safety minister Dominic LeBlanc hailed the bilateral relationship with the US as "one of the strongest and closest... particularly when it comes to trade and border security."
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