Trump Promises Tariffs on Mexico, Canada, China

President-elect Donald Trump has announced plans to impose significant tariffs on imports from Mexico, Canada, and China, scheduled to take effect on his first day in office, January 20. He proposed a 25% tariff on all products from Mexico and Canada, while China would face a 10% tariff, citing concerns over illegal immigration and the trafficking of fentanyl. Trump claims the tariffs will remain until the inflow of drugs and undocumented immigrants ceases, asserting that the current border situation represents an 'invasion.' The proposed tariffs have already caused the Mexican peso, Canadian dollar, and Chinese yuan to weaken, reflecting market concerns. Critics warn that these tariffs could disrupt critical trade relationships and increase energy costs for American consumers. Trump’s aggressive tariff strategy has raised questions about its feasibility and potential economic repercussions.