Trump plans 25% tariffs on goods from Canada and Mexico and 10% on China

President-elect Donald Trump plans to impose a 25% tariff on all goods from Mexico and Canada, starting January 20. He also intends to add a 10% tariff on Chinese goods, citing issues like fentanyl smuggling as justification. China and Canada have responded, emphasizing the mutual benefits of their trade relationships with the U.S. China's embassy stated that "no one will win a trade war," while Canada highlighted its importance to U.S. energy supplies. Trump's previous term included significant tariffs on China, leading to retaliatory measures. His new tariffs are part of a broader protectionist agenda, with his incoming commerce secretary expected to support high tariffs on imports.