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 address illegal immigration and drug trafficking, particularly fentanyl. Trump stated he would charge a 25% tariff on all products from Mexico and Canada and a 10% tariff on Chinese goods. This comes despite recent data showing a decline in illegal border crossings and a significant increase in fentanyl seizures. The proposed tariffs could significantly impact the economies of Canada and Mexico and raise prices for U.S. consumers. Officials from both countries have not yet responded to Trump's statements.