Trump Pledges to Impose 25% Tariffs on Mexico, Canada, and 10% on China

U.S. President-elect Donald Trump has announced plans to impose sweeping tariffs on major trading partners, citing concerns over illegal drug trade and immigration.

In a series of posts on his Truth Social platform, Trump vowed to implement a 25% tariff on all goods from Mexico and Canada, alongside a 10% tariff on imports from China. These measures, he stated, would be among his first executive actions upon taking office on January 20.

“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 wrote.

Moments later, he announced plans for a 10% tariff on all Chinese imports, “above any additional Tariffs,” citing China’s insufficient efforts to curb fentanyl smuggling into the U.S.

Tariffs have been a cornerstone of Trump’s economic policy, both during his presidency and his recent campaign. He has argued that such measures are crucial for securing more favorable trade agreements and encouraging the return of manufacturing jobs to the U.S.

While proponents within Trump’s circle see tariffs as a powerful bargaining tool, many economists caution that these duties could slow economic growth and exacerbate inflation. Tariffs are typically borne by importers, who often pass the costs on to consumers.

Trump’s renewed tariff agenda has already sparked debates about its potential impact on the U.S. economy and global trade dynamics.