Trump's plan for tariffs against Canada and Mexico could dramatically raise prices for Americans and threaten a trade agreement negotiated by his own administration.

Trump says he will sign an executive order imposing a 25% tariff on all goods coming from Mexico and Canada and a 10% tariff on those from China.

Deputy Prime Minister of Canada Chrystia Freeland called for a “team Canada” approach in response to U.S. President-elect Donald Trump’s threat to impose new tariffs on Canada, Mexico and China.