Trump plans 25% tariff on all imports from Canada and Mexico over drug and immigration issues

U.S. President-elect Donald Trump plans to impose a 25% tariff on all products from Canada and Mexico. This tariff will remain until both countries address issues related to drug trafficking and illegal immigration into the U.S. The proposed tariffs could significantly impact the Canadian economy, as the U.S. is its largest trading partner. In 2023, Canada exported over $439 billion in goods to the U.S., accounting for more than 76% of its total exports. Canadian officials, including Ontario Premier Doug Ford, have expressed concern about the potential economic damage. They are calling for a coordinated response to address border security and trade relations with the U.S.