US Treasury Secretary Scott Bessent stated that Mexico is willing to impose a 20% tax on all imports from China as part of negotiations with the US. However, companies like Ford and Walmart have expressed concerns about the potential negative impact of tariffs on their businesses. Analysts at the Peterson Institute for International Economics and Yale University Budget Lab predict that an average family could face price increases of over $1,000 due to the tariffs. The US president plans to introduce "reciprocal" tariffs in April, matching rates charged by other countries, including subsidies and value-added taxes.
https://apnews.com/article/trump-tariffs-mexico-canada-b19e004dddb579c373b247037e04424b