Trump plans new tariffs on Mexico, Canada and China starting January 20

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, and a 10% tariff on Chinese goods, citing concerns over illegal immigration and drug trafficking. These tariffs could significantly increase prices on various goods, including gas and cars. Trump's statements come despite recent data showing a decline in illegal border crossings and a rise in fentanyl seizures under the current administration. The potential tariffs could challenge the economies of Canada and Mexico and raise questions about the future of the 2020 trade deal. Canadian officials are preparing for possible executive orders on trade and border issues once Trump takes office.