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Trump Vows Heavy Tariffs on Mexico, Canada and China on First Day Back in Office

HeadlineNov 26, 2024

President-elect Trump vowed on Monday to impose a 25% tariff on all goods from Mexico and Canada and to add a 10% tariff to all goods from China on the first day of his second presidential term. The move could undo Trump’s own 2018 trade deal, the United States-Mexico-Canada Agreement. Economists warn such tariffs could severely hamper trade and industry and result in higher costs for consumers already struggling to make ends meet. 

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