President-elect Donald Trump renewed his campaign promise to impose significant tariffs on China, Mexico, and Canada, citing concerns about illegal immigration and drugs.
On Monday, Trump threatened to impose a 25% tariff on all products from Mexico and Canada and an additional 10% tariff on goods from China, aiming to address what he describes as an influx of migrants and the flow of illegal drugs into the US.
The US, being the world’s largest importer, counts Mexico, China, and Canada as its top three suppliers, according to the latest census data. If implemented, these tariffs could lead to higher prices for goods like food, automobiles, and other imports.
Trump’s threats were made in a post on his Truth Social platform, where he explained that the new economic policies were tied to his concerns over immigration. “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,” he wrote.
He went on to state that the tariffs would remain in place “until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!” Trump further claimed that Mexico and Canada could resolve the issue of “people pouring through Mexico and Canada, bringing Crime and Drugs at levels never seen before.”
