Mexican President Claudia Sheinbaum on Tuesday warned U.S. President-elect Donald Trump of dire economic consequences for both countries from tariffs, while urging dialogue following his threat of across-the-board tariffs of 25% on Mexico and Canada.

Claudia Sheinbaum promised to level retaliatory tariffs if Trump goes through with his plan, while calling out America's role in the drug war

On Monday, Trump sent shockwaves across the nation's northern and southern borders, vowing sweeping new tariffs on Mexico, Canada, as well as China, as part of his effort to crack down on illegal immigration and drugs.