Mexico's president says Canada "could only wish they had the cultural riches Mexico has" after President-elect Trump threatened tariffs on both countries.

Canada’s ambassador to the United States says Prime Minister Justin Trudeau was successful in getting President-elect Donald Trump and some key cabinet nominees to understand that lumping Canada in with Mexico over the flow of drugs and migrants into the U.

The president-elect vowed to slap heavy tariffs on imports from some of the U.S.'s top trade partners. Here's how that could impact your spending.