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.
Trump Vows Heavy Tariffs on Mexico, Canada and China on First Day Back in Office
HeadlineNov 26, 2024