Trump plans 25 percent tariff on all imports from Canada and Mexico on first day in office

Donald Trump announced he will impose a 25 percent tariff on all products from Canada and Mexico starting on his first day in office in January. He shared this plan on Truth Social. The tariffs will remain until Canada and Mexico take action to stop drug trafficking, particularly fentanyl, and illegal border crossings. Trump believes both countries can address these issues. Concerns have been raised about the economic impact, with a report suggesting a 10 percent tariff could cost Canada $30 billion.