Trump to Impose 25% Tariffs on Mexico, Canada, 10% on China Starting January 20

Nov 26, 2024, 02:40 PM

President-elect Donald Trump has announced plans to impose sweeping new tariffs on goods from Mexico, Canada, and China starting January 20, as soon as he takes office. The proposed tariffs include a 25% levy on all products from Mexico and Canada, and an additional 10% tariff on Chinese goods. Trump has also mentioned the possibility of imposing tariffs of up to 20% on all imports and an additional duty of at least 60% on products from China. His rationale for these measures is to curb illegal immigration, drug trafficking, and to negotiate better trade deals, emphasizing the need to prioritize American workers over Wall Street interests.