Trump plans tariffs on imports to combat fentanyl trafficking and Musk predicts price rise

Donald Trump plans to impose significant tariffs on imports from China, Mexico, and Canada to combat illegal drug trafficking, particularly fentanyl. The tariffs will be 25% on goods from Mexico and Canada, and 10% on Chinese products, remaining until these countries take stronger action against drug trade. Elon Musk has noted that the price of fentanyl is expected to rise sharply due to these tariffs. Trump's approach links tariffs directly to the illegal drug trade, emphasizing the need for stricter enforcement from these countries to address the opioid crisis. The proposed tariffs have sparked debate about their potential impact on global trade. Supporters see them as necessary for tackling the fentanyl epidemic, while critics warn they could disrupt trade and increase costs for consumers.