51 sources·Politics

Trump's Tariff Threats Loom Over Canada, Mexico, and China

President-elect Donald Trump vows to impose new tariffs targeting Mexico, Canada, and China to combat illegal immigration and drug trafficking, raising concerns over economic repercussions.

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Updated: Nov 26th, 2024, 10:01 AM ET

Summary

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President-elect Trump plans to impose a 25% tariff on imports from Canada and Mexico, and a 10% tariff from China, aimed at addressing illegal immigration and drug-related issues. Analysts warn of significant inflationary impacts on American consumers, while Canadian and Mexican officials have expressed serious concerns over potential trade disruptions and job losses. The tariff proposals could threaten the USMCA trade agreement and raise doubts about the future of US-China trade relations, further straining economic ties.

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