Official announcement from the U.S. government or trade policy updates

Trump to Impose 25% Tariffs on Mexico, Canada, and China on First Day in Office

Nov 26, 2024, 01:12 PM

President-elect Donald Trump has announced plans to impose new tariffs on imports from Mexico, Canada, and China as soon as he assumes office. These measures are part of his strategy to address illegal immigration and drug trafficking, particularly targeting the flow of fentanyl. Trump's threats include a 25% tariff on all goods from Canada and Mexico, aiming to force immediate compliance from these countries to prevent the tariffs from taking effect.