Every day a flurry of parts and products are shuttled between Texas and Mexico, part of a cross-border supply chain to make everything from cars and heavy duty machinery to flat screen televisions. The future of that partnership,

President Donald Trump's threats to impose punishing tariffs on Canada and Mexico may be part of a strategy to gain leverage ahead of new negotiations on a regional trade agreement, experts said.

President Donald Trump said a 25% tariff on Canada and Mexico could come on February 1 and that a universal tariff isn't off the table.