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

U.S. 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 and Canada quickly responded, emphasizing the mutual benefits of their trade relationships with the U.S. China warned that a trade war would not benefit anyone, while Canada highlighted its importance to U.S. energy supplies. Trump's previous term included aggressive trade policies, particularly against China. His new tariffs are seen as a continuation of this approach, with national security concerns cited as justification for breaking existing trade agreements.