Americans are finally starting to get relief from inflation, but that reprieve may be short-lived if imports from Mexico and Canada come under fire.

The tariffs would be a significant escalation of Trump’s previous proposal, which was already a major increase on more targeted tariffs enacted during Trump’s first administration and kept in place by President Joe Biden.

But her statement — the day after she held a phone call with U.S. President-elect Donald Trump — did not make clear who had offered what.

Mexico's President Claudia Sheinbaum said she and U.S. President-elect Donald Trump had agreed to maintain a good relationship in a friendly phone call that appeared to ease tensions between the top trading partners amid tariff threats.