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 Monday on Truth Social 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.

Trump stated that, on his first day in office, he will impose tariffs on all goods imported from Mexico, Canada and China.

Mexico's President Claudia Sheinbaum said on Thursday she did not specifically discuss tariffs in a call she held with Trump on Wednesday, adding the two had agreed there would be

U.S. President Joe Biden on Thursday said he hoped President-elect Donald Trump would rethink his plan to impose tariffs on Mexico and Canada, saying it could "screw up" relationships with close allies.