Trump plans new tariffs on China, Canada and Mexico over drug concerns

President-elect Donald Trump announced plans to impose a 10 percent tariff on Chinese goods and a 25 percent tariff on products from Canada and Mexico. He cited concerns over drug trafficking, particularly fentanyl, as a key reason for these tariffs. Trump stated that these tariffs would remain in place until drug trafficking and illegal immigration issues are addressed. He emphasized the need for action against the influx of drugs and people crossing the U.S. borders. This announcement marks a significant escalation in Trump's trade policy, building on previous tariffs and focusing on drug-related concerns. The situation is developing, and further updates are expected.