Trump plans major tariffs on Mexico, Canada, and China on first day in office

President-elect Donald Trump has announced plans to impose significant tariffs on Mexico, Canada, and China starting on his first day in office. He proposed a 25% tax on imports from Mexico and Canada, and a 10% tax on goods from China. Trump's statements come amid concerns about illegal immigration and drug trafficking. He claims these tariffs will remain until issues related to drugs and illegal immigration are addressed. A senior Canadian official reported that Prime Minister Justin Trudeau and Trump had a positive discussion about trade and border issues following Trump's announcement. The Chinese Embassy warned that a trade war would have negative consequences for all involved.