Trump plans tariffs on imports from Mexico, Canada, and China starting in January 2025
President-elect Donald Trump plans to impose tariffs on imports from Mexico, Canada, and China starting January 20, 2025. He announced a 25% tariff on goods from Mexico and Canada, and a 10% tariff on products from China, citing concerns over migration and drugs. Economists warn that these tariffs could raise prices on a variety of goods, including cars, electronics, and construction materials. The increased costs may affect U.S. consumers and manufacturers, as many products rely on parts from these countries. In response, leaders from Mexico and Canada have indicated potential retaliation. Mexico's President suggested they might impose their own tariffs, while Canadian officials have criticized Trump's plan, raising concerns about its impact on the North American economy.