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

President-elect Donald Trump has threatened to impose new tariffs on Mexico, Canada, and China starting January 20. He plans 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 proposed tariffs could significantly increase prices on various goods, including gas and cars. The U.S. is the largest importer globally, with Mexico, Canada, and China as its top suppliers. Current border crossings are at a four-year low, despite Trump's claims of rising crime and drug issues. China's embassy warned that a trade war would harm all parties involved. The situation raises questions about the future of the 2020 trade deal and the economic impact on Canada and Mexico. Both countries have not yet publicly responded to Trump's statements.