Trump plans major tariffs on Mexico, Canada and China starting January 20

President-elect Donald Trump announced plans to impose significant tariffs on goods from Mexico, Canada, and China. He intends to implement a 25% tariff on all products from Mexico and Canada and a 10% tariff on Chinese goods starting January 20. China responded quickly, warning that a trade war would not benefit anyone. Both China and Canada emphasized the mutual benefits of their trade relationships with the U.S. and expressed intentions to discuss these issues with the incoming administration. Trump's previous term included aggressive trade policies, particularly against China. His new tariffs are part of a broader economic agenda, with his team suggesting they could be used as leverage in negotiations with trading partners.