Trump plans new tariffs on Mexico, Canada and China as trade policy shifts

President-elect Donald Trump plans to impose new tariffs on Mexico, Canada, and China upon taking office. He announced a 25 percent tariff on all products from Mexico and Canada, and a 10 percent tariff on Chinese goods. These proposed tariffs mark a significant shift in U.S. trade policy. The changes could impact global trade dynamics, affecting countries like New Zealand. Economist Brad Olsen noted that these tariffs will have broader implications beyond the U.S. economy.