Mexican President Claudia Sheinbaum said on Friday that her administration has alternative plans to counter US President Donald Trump's threat to impose 25% tariffs.

Tariffs are paid by US businesses to the government on purchases from abroad and the economic weight can fall on importers, foreign suppliers or consumers.

Trump’s tariffs threaten to blow up the trade agreement he himself negotiated with America’s two neighbors in his first term.

Companies, consumers and farmers across North America braced on Friday for U.S. President Donald Trump to impose 25% tariffs ...

"I'll be putting the tariff of 25% on Canada, and separately, 25% on Mexico, and we'll really have to do that," Trump told ...