President Biden on Thursday said he hoped Trump would rethink his plan to impose tariffs, saying it could "screw up" relationships with close allies.

President Claudia Sheinbaum of Mexico said she had an "excellent conversation" with U.S. President-elect Donald Trump on Wednesday, lowering tensions stoked this week by the American leader's threat to impose tariffs.

Mexico's President Claudia Sheinbaum said she and U.S. President-elect Donald Trump had agreed to maintain a good relationship in a friendly phone call that appeared to ease tensions between the top trading partners amid tariff threats.