President-elect Donald Trump announced on Monday that his incoming administration would impose new tariffs on imports from Mexico, Canada, and China, fulfilling a key campaign promise. In a post on Truth Social, Trump outlined plans to implement a 25% tariff on all products from Mexico and Canada, framing it as a response to the ongoing fentanyl crisis.
“On January 20th, as one of my 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 wrote. “This Tariff will remain in effect until such time as Drugs, particularly Fentanyl, and all Illegal Aliens stop this Invasion of our Country!”
Trump also stated that he would seek additional tariffs on China, criticizing the country for not halting the flow of fentanyl into the U.S. “Until such time as they stop, we will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America.”
Mexico and Canada are the U.S.’s top two trading partners, making up nearly 30% of U.S. trade. Sectors like vehicle manufacturing, dairy, paper products, and building materials could face disruptions from the new tariffs.
While embassies for Canada, China, and Mexico have not responded to the announcement, the move could face significant pushback from businesses and lawmakers. Economists warn that such tariffs could cost U.S. consumers billions annually, with price increases on everyday items like shoes and mattresses.
The proposed tariffs could also violate the U.S.-Mexico-Canada Agreement (USMCA), negotiated during Trump’s first term.
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