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. Top Mexican officials have met with members of Trump's cabinet this week for trade talks ahead of a March 4 deadline,

President Donald Trump said Thursday that tariffs on goods from Canada and Mexico will increase sharply on Tuesday and, in an unexpected move, also announced an additional 10 percent tax on Chinese goods that will take effect then.