Trump says he plans to enact new tariffs on Canada, China and Mexico on his first day in his office
In keeping with a major campaign pledge that could significantly affect trade, President-elect Donald Trump announced Monday that his incoming administration would impose hefty taxes on imported products from China, Canada, and Mexico.
As a response to the ongoing fentanyl issue, Trump stated in a post on Truth Social that he intends to attempt to slap a 25% tariff on goods imported from Canada and Mexico.
"On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders," Trump stated in a tweet. "This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!"
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