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

Donald Trump has announced plans to impose a 25% tariff on all imports from Mexico and Canada on his first day in office. This move mirrors his previous use of tariffs as a negotiating tactic during trade discussions. Trump's approach has drawn comparisons to his first term, where he threatened tariffs to influence Mexico's immigration policies. Analysts suggest that his latest threat may also serve as leverage rather than a definitive policy change. Financial experts view this tariff threat as part of Trump's negotiation style, focusing on non-trade issues like immigration and drugs. They believe it signals a transactional approach aimed at gaining an advantage in discussions with Mexico and Canada.