US Treasury Secretary Scott Bessent said Mexico has proposed matching Washington’s tariffs on China and urged Canada to do the same, signaling a potential path to avert levies on their own exports in the coming days.

President Donald Trump said Thursday tariffs of 25% on Mexican and Canadian goods are set to take effect on March 4, while also threatening to impose an additional 10% on Chinese imports on the same date.

From the aluminum in beverage containers to the steel in vehicles, tariffs are expected to raise prices across the economy.