President Claudia Sheinbaum Pardo said tariffs could cause more inflation and result in job losses for the U.S. and Mexico.

The president-elect said that he would impose the across-the-board tariffs on Day 1 and that they would stay in place until Canada, Mexico and China halted the flow of drugs and migrants.

The data show tariffs never fully delivered on Trump’s promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared.