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

Former President Donald Trump has announced plans to impose new tariffs on imports from Mexico, Canada, and China, citing issues related to drug trafficking and border security. He aims to charge a 25% tariff on all products from Mexico and Canada and an additional 10% on Chinese goods. These proposals come as Jamieson Greer has been appointed as the U.S. Trade Representative, responsible for implementing Trump's economic agenda. The potential tariffs have raised concerns among investors, particularly affecting major exporters like Ford and General Motors. Responses from affected countries vary, with Mexico warning of retaliatory tariffs and Canada expressing a willingness to work on the relationship. The situation has led to mixed reactions among investors regarding the impact of these tariffs on the economy and inflation.