President-elect Donald Trump's proposed 25% tariff on goods from Mexico and Canada would harm relations between the United States and Mexico and Canada, President Joe Biden told reporters on Thursday.

Trump said in a post to Truth Social on Monday that one of his first executive orders would be to hit Mexico and Canada with a blanket 25% tariff. Mexico and Canada are the second and third top suppliers of goods to the U.S., according to the Office of the U.S. Trade Representative. The U.S. imports the most goods from China.

A full-blown trade war between the U.S. and Canada could lead to a recession in both countries, economist says.