Trump plans tariffs on multiple countries to reshape global trade

US President-elect Donald Trump plans to impose tariffs on multiple countries, including Canada and Mexico, starting on his first day in office. This marks a shift from previous free trade policies and expands on tariffs initiated during his first term. The Biden administration also used tariffs against China, indicating a bipartisan trend. Trump's new approach aims to use tariffs not only for trade rebalancing but also to address issues like illegal migration and drug trafficking. This strategy may create uncertainty in global trade, affecting long-term investment decisions. Countries that can negotiate effectively with the US may fare better, while others could struggle under a more transactional trade environment.