Official announcements from the U.S. government or updates on NAFTA agreements

Trump's 25% Tariff Threat on Canada, Mexico Over Border Enforcement Risks NAFTA Stability

Nov 30, 2024, 11:35 AM

President-elect Donald Trump has threatened to impose a 25% tariff on all imports from Canada and Mexico, citing concerns about border enforcement. This move is seen as a potential threat to North American economic integration, established through the North American Free Trade Agreement (NAFTA) in 1994. Economists warn that such tariffs could 'destroy prosperity on both sides of the border,' potentially upending decades of economic cooperation and integration between the U.S., Canada, and Mexico.