Trump plans new tariffs on Mexico, Canada and China on first day in office
bbc.com —
President-elect Donald Trump plans to impose new tariffs on Mexico, Canada, and China starting on his first day in office, January 20. He announced a 25% tariff on goods from Mexico and Canada and a 10% tariff on China. Trump's tariffs aim to address drug and people smuggling issues. He stated that the tariffs on Mexico and Canada will remain until those countries take action against illegal drugs and migration. Additionally, Trump criticized China for not enforcing stricter penalties on fentanyl dealers. He previously proposed tariffs exceeding 60% on Chinese products and plans to revoke China's most-favored-nation trading status.