A bit more than 50 days before taking the oath of office a second time, Trump took to social media this week to threaten the top three U.S. trading partners (Mexico, Canada, China). He vowed to impose tariffs of 25% on all products coming from our next-door neighbors, and to levy an additional 10% import duty on goods from America’s Asian rival.

The president-elect’s threat to hit Canada, Mexico and China with new tariffs is already rocking business and diplomatic relationships and could topple the trade pacts he signed in his first term.

Mexican President Claudia Sheinbaum has suggested Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods if the count

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

Donald Trump’s threat of 25% tariffs on Mexico and Canada would cost the US economy as many as 400,000 jobs and increase prices for American consumers, according to the Mexican government.