U.S. Treasury Secretary Scott Bessent said on Friday that Mexico has proposed matching U.S. tariffs on China in a move that he described as "very interesting" and one that Canada should match.

The U.S. economy has never been more integrated with Canada and Mexico. The 25% tariffs that President Trump has said he would impose on America’s two largest trading partners on Tuesday could upend those relationships—and no sector is as exposed as the automotive industry.

Mexican President Claudia Sheinbaum says she hopes to speak with U.S. President Donald Trump now that he has announced plans to impose tariffs on Mexico and Canada starting Tuesday.