Trump plans 25% tariffs on imports from Mexico and Canada starting January 20

President-elect Donald Trump plans to impose a 25% tariff on all goods from Mexico and Canada starting January 20. This move marks a significant shift in trade policy, as the U.S. has become increasingly reliant on imports from these countries. The new tariffs could lead to higher prices for American consumers on various goods. Key items affected may include gasoline, avocados, cars, and alcoholic beverages, as businesses are likely to pass on increased costs to consumers. Concerns have been raised about the potential economic impact of these tariffs, including job losses and reduced economic growth. The situation differs from the previous administration, which maintained many tariffs but did not implement new ones on such a scale.