The 25% tax that Trump plans to slap on Canadian and Mexican imports as soon as Saturday could drive up the price of guacamole and trucks, among many other things.
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The comments from Crown Prince Mohammed bin Salman, reported by the state-run Saudi Press Agency, came in a phone call with President Trump.
President Trump unveiled the AI initiative on Tuesday alongside the executives of OpenAI, Oracle and Softbank.
U.S. stocks rose after more companies said they made bigger profits at the end of last year than analysts expected and as Treasury yields eased.
President Trump said Monday that he expects to put 25% tariffs on Canada and Mexico starting Feb. 1, while declining to flesh out his plans for taxing Chinese imports.
The Trump administration’s plans to slap new tariffs on imports from Canada and other countries could set off new waves of inflation in home building.
