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President-elect Donald Trump threatened to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs. He says he would impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from China, as one of his first executive orders.
The tariffs, if implemented, could dramatically raise prices for American consumers on everything from gas to automobiles to agricultural products. The U.S. is the largest importer of goods in the world, with Mexico, China and Canada its top three suppliers, according to the most recent U.S. Census Bureau data.
Trump made the threats Monday in a pair of posts on his Truth Social site in which he railed against an influx of illegal migrants, even though southern border apprehensions have been hovering near four-year lows.
A senior Canadian government official said Prime Minister Justin Trudeau and Trump spoke after Trump’s posts. The two spoke about the border and trade and had a good conversation, the official said.
