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VisitWhat will be the impact of proposed tariffs on U.S.-Mexico trade relations by December 31, 2025?
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Trump Announces Immediate 25% Tariff on Mexican Imports to Stop Criminals and Drugs
Nov 4, 2024, 04:57 PM
Former President Donald Trump has announced a plan to impose a 25 percent tariff on all imports from Mexico unless the Mexican government takes action to stop the flow of criminals and drugs into the United States. Trump made this declaration during a speech in Raleigh, emphasizing the urgency of addressing border security. He stated that the tariff would be implemented immediately if Mexico fails to curb illegal immigration and drug trafficking. Economists have warned that such a tariff could significantly increase the cost of goods imported from Mexico, which is the top trade partner with the U.S. Trump also mentioned that he would inform the Mexican President, Claudia Sheinbaum, about this policy on his first day in office if elected.
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