Trump plans 25% tariffs on Mexico and Canada and 10% on China to combat illegal border crossings and drug trafficking

President-elect Donald Trump has announced plans to impose a 25% tariff on all goods from Mexico and Canada, and an additional 10% on Chinese products. These tariffs will take effect immediately upon his inauguration. Trump stated that these measures will remain until Mexico and Canada address illegal border crossings and drug trafficking. He emphasized that both countries have the power to resolve these issues. During his campaign, Trump suggested even higher tariffs on Chinese goods and Mexican vehicles. Economists have raised concerns that such tariffs could increase costs for American consumers and impact global economic growth.