We've been here before...”The leaders of Canada and Mexico said on Tuesday they were prepared to defend their interests amid an uncertain timeline on possible U.S. tariffs. President Donald Trump on Monday said he was thinking about imposing 25% duties on imports from the two countries on Feb.

President Trump is using the threat of stiff tariffs on goods from Canada and Mexico to pressure the two nations to start renegotiating a continental trade deal.

North American car companies have operated across borders for three decades. Tariffs would raise prices and cost jobs in the short run, analysts say.