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

President-elect Donald Trump has announced plans to impose new tariffs on Mexico, Canada, and China starting on his first day in office. He aims to charge a 25% tariff on all products from Mexico and Canada and a 10% tariff on Chinese goods. These tariffs are part of Trump's strategy to address illegal immigration and drug trafficking, particularly fentanyl. He claims that the influx of illegal migrants and drugs is a significant issue, despite recent data showing lower border crossings and crime rates. The proposed tariffs could significantly impact prices for various goods in the U.S. and challenge the economies of Canada and Mexico. The situation raises questions about the future of the trade deal established in 2020, which is set for review in 2026.