Trump plans 25% tariffs on Canada and Mexico goods on first day in office

Donald Trump plans to impose a 25% tariff on all goods from Canada and Mexico starting on his first day in office. He cites concerns over crime and drugs as the reason for this action. In addition to the tariffs on North American goods, Trump intends to add a 10% tariff on products from China. He claims this is due to China's failure to control drug trafficking. Mexico's economy minister has responded, suggesting that such tariffs could harm American companies and may lead Trump to reconsider his plans. He emphasized the significant presence of U.S. businesses in Mexico.