Trump plans significant tariffs on China, Canada and Mexico starting on day one

President-elect Donald Trump has threatened to impose significant tariffs on China, Canada, and Mexico starting on his first day in office. He plans a 25% tax on all products from Canada and Mexico, and a 10% tariff on goods from China. Trump cites illegal immigration and drug trafficking as reasons for these tariffs. He claims they will remain until issues related to drugs, particularly fentanyl, and illegal immigration are addressed. The Chinese Embassy warned that a trade war would harm both countries. Trump's nominee for treasury secretary has indicated that tariffs could be used as negotiation tools, but it remains uncertain if these tariffs will be enacted.