Donald Trump has said he will hit China, Mexico and Canada with new tariffs on day one of his presidency, in an effort to force them to crack down on illegal immigration and drug smuggling into the US.
The US president-elect said he would sign an executive order imposing a 25% tariff on all goods coming from Mexico and Canada, after being inaugurated on 20 January 2025.
He also said "we will be charging China an additional 10% tariff, above any additional tariffs" until it cracked down on fentanyl smuggling.
The threat could mark a major escalation in tensions with the US’s three top trading partners. It could also lead to higher prices for Americans, since tariffs work as a form of tax on imports.
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Author: BBC News
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News post in December 9, 2024, 3:04 pm.
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