US President-elect Donald Trump announced on Monday his plan to impose a 25% tariff on goods from Mexico and Canada, alongside a 10% tariff on imports from China, citing concerns over the illegal drug trade and immigration.
Posting on his Truth Social account, Trump declared his intent to target some of the United States’ largest trading partners with broad tariffs on all imported goods.
“On January 20th, as one of my first Executive Orders, I will sign all necessary documents to impose a 25% tariff on ALL products coming from Mexico and Canada, and address their ridiculous Open Borders,” Trump wrote.
In a follow-up post, the former and future president stated he would levy a 10% tariff on Chinese goods, “in addition to existing tariffs,” as a response to China’s failure to curb fentanyl smuggling.
Tariffs remain central to Trump’s economic strategy. During his campaign leading to the November 5 election victory, the Republican president-elect promised sweeping duties on both allies and rivals to bolster the US economy.
Economists, however, have cautioned that such measures could slow growth and drive inflation, as importers often pass higher costs on to consumers. Despite these concerns, Trump’s advisors argue that tariffs provide the US with leverage to secure better trade deals and revive domestic manufacturing jobs.
