Trump plans new tariffs on imports from Canada, Mexico, and China

President-elect Donald Trump plans to impose significant tariffs on imports from Canada, Mexico, and China, starting with a 25% tax on goods from Canada and Mexico and a 10% tax on Chinese products. He claims this will address illegal immigration and drug trafficking. Economists express skepticism about the effectiveness of these tariffs, warning they could raise prices for consumers and harm industries reliant on imports. They note that previous tariffs did not significantly boost U.S. jobs in affected sectors. The Biden administration has maintained some tariffs from the Trump era, including on Chinese goods. The U.S. has shifted away from promoting free trade, responding to concerns over job losses linked to global trade practices.