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Market
Impact on U.S. Imports from Mexico by End of Q1 2024?
2
Resolution / Starting Odds
Increase • 25%
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Trade statistics from U.S. Customs and Border Protection or Department of Commerce
Story
Trump to Impose 25% Tariffs on Mexico, Canada Imports Until Immigration, Drugs Halted
Nov 26, 2024, 12:45 AM
President-elect Donald Trump announced that on January 20th, as one of his first executive orders, he will impose a 25% tariff on all products entering the United States from Canada and Mexico. The tariffs, he stated, will remain in effect until the flow of illegal immigrants and drugs, particularly fentanyl, into the U.S. is halted. Trump referred to the situation as an 'invasion' and aims to pressure neighboring countries to address border security issues. Additionally, he plans to impose an additional 10% tariff on all Chinese imports, above any existing tariffs. These measures are part of his efforts to combat illegal immigration and drug trafficking.
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