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 proposed an additional 10% tariff on Chinese goods, citing concerns over drugs like fentanyl. The tariffs would remain until he believes the issues are resolved. It is uncertain if Trump will implement these tariffs or if they are part of a negotiation strategy before he officially takes office.