Trump plans to impose tariffs on Mexico, Canada, and China from first day in office

President-elect Donald Trump announced he will impose a 25% tariff on all goods from Mexico and Canada, and a 10% tariff on Chinese goods, starting on his first day in office, January 20. Trump stated that these tariffs are intended to address issues related to drug trafficking and illegal immigration. He emphasized that the tariffs will remain until these problems are resolved. This marks a significant shift in trade policy, as Trump aims to take immediate action against what he describes as an "invasion" of drugs and illegal immigrants.