Trump plans new tariffs on China, Canada and Mexico on first day in office
ft.com —
Donald Trump plans to impose a 25% tariff on all imports from Canada and Mexico and an additional 10% on Chinese goods. He announced this on his social media platform, stating it would start on his first day in office. The tariffs on Canada and Mexico are aimed at addressing illegal immigration and drug trafficking. Trump stated they would remain until drug issues, particularly fentanyl, are resolved. The tariffs on China will apply to all products and will be added to existing tariffs. Trump criticized China for not enforcing penalties against fentanyl dealers.