Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office
Foreign affairsNov 26, 2024
President-elect Donald Trump threatened on Monday to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs. He said he would impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from Mexico as one of his first executive orders. The tariffs, if implemented, could dramatically raise prices for American consumers on everything from gas to a