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 issues. Trump also threatened a 10% additional tariff on Chinese goods, citing concerns over drugs like fentanyl. The exact implementation of these tariffs remains uncertain, as it is unclear if they are serious proposals or negotiation tactics. This marks a significant shift in trade policy, as Trump seeks to use tariffs as a tool to combat drug trafficking and immigration challenges.