During President-elect Donald Trump’s first term, America launched an all-out trade war with China to boost US manufacturing, secure US national security interests and resolve what Trump believed was an extremely out-of-balance trade relationship.

Mexico and Canada are the United States’ top two trading partners, accounting for nearly 30% of trade volumes.

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Key Takeaways After President-elect Donald Trump said that he would enact tariffs on Mexico, Canada and China, those nations urged more talks before resorting to tariffs.Mexico warned it could respond with its own tariffs,

The president-elect said that he would impose the across-the-board tariffs on Day 1 and that they would stay in place until Canada, Mexico and China halted the flow of drugs and migrants.

MEXICO CITY — Mexico’s president responded angrily Tuesday to President-elect Donald Trump’s pledge to impose a 25 percent tariff on its products if the country didn’t curb the flow of irregular migrants and fentanyl, warning that the penalties would only wind up causing inflation and unemployment in the United States.

The president-elect’s opening salvo in trade and border talks with the United States’ neighbors is casting a harsh light on the North American alliance.

If enacted, they would violate the 2020 deal that the United States inked with Canada and Mexico during Donald Trump’s first term.

Mexican officials fear their country could be left out of the USMCA over alleged trade in Chinese steel and automotive products.