Trump plans new tariffs on imports from Mexico, Canada, and China if re-elected

Donald Trump plans to impose significant tariffs on imports from Mexico, Canada, and China if he takes office again. He has proposed a 25% tariff on goods from Mexico and Canada until they address illegal immigration and drug trafficking. This approach differs from his first term, where tariffs had limited economic impact and did not deliver the promised factory jobs. Critics warn that these new tariffs could lead to higher prices for consumers and provoke retaliatory measures from affected countries. House Democrats have introduced legislation to limit a president's ability to impose such tariffs unilaterally, but it may not pass with Republicans controlling Congress. The potential tariffs could generate around $266 billion in tax collections, raising concerns about inflation and economic uncertainty.