Trump plans new tariffs on Mexico, Canada and China on first day in office

President-elect Donald Trump plans to impose new tariffs on Mexico, Canada, and China starting January 20. He announced a 25% tariff on all products from Mexico and Canada, aimed at addressing illegal immigration and drug trafficking. Trump also threatened a 10% additional tariff on Chinese goods, citing concerns over drugs like fentanyl. The specifics of these tariffs and their implementation remain uncertain. This marks a shift from previous trade policies, as Trump seeks to use tariffs as a tool for immigration and drug control.