Official announcements from the U.S. government or trade departments

Trump to Impose 25% Tariffs on Mexico and Canada, 10% on China Day 1 to Combat Flow of Drugs and Migrants

Nov 30, 2024, 03:55 AM

President-elect Donald Trump has announced plans to impose a 25% tariff on all products imported from Mexico and Canada, alongside a 10% tariff on Chinese goods. This decision is part of his broader strategy to combat illegal immigration and drug trafficking. Trump stated that these tariffs would take effect on his first day in office and remain until the respective countries halt the flow of drugs and migrants into the United States. The announcement has raised concerns about potential price increases that could contradict his campaign promise to alleviate inflation for American families. Canada is reportedly considering possible retaliatory tariffs in response to Trump's threats.