Joe Biden said Donald Trump's plan to impose a 25% tariff on Mexican and Canadian imports is "counterproductive."

President Claudia Sheinbaum Pardo said tariffs could cause more inflation and result in job losses for the U.S. and Mexico.

STORY: Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate if U.S. President-elect Donald Trump followed through with his proposed 25% across-the-board tariff. “In case there are tariffs - Mexico would also raise tariffs,