Earlier this week, Trump said he would impose a 25% tariff on all goods from Mexico and Canada as soon as he takes office.

Trump said in a post to Truth Social on Monday that one of his first executive orders would be to hit Mexico and Canada with a blanket 25% tariff. Mexico and Canada are the second and third top suppliers of goods to the U.S., according to the Office of the U.S. Trade Representative. The U.S. imports the most goods from China.

President-elect Donald Trump's proposed 25% tariff on goods from Mexico and Canada would harm relations between the United States and Mexico and Canada, President Joe Biden told reporters on Thursday.