President-elect Donald Trump has announced plans to impose significant tariff hikes on goods from Mexico, Canada, and China as part of his administration's policy. These tariffs are intended to address issues related to illegal immigration, crime, and drug trafficking.
Trump stated that starting on January 20th, he will sign executive orders to impose a 25% tariff on all products coming from Mexico and Canada until the issues of drugs and illegal immigration are resolved. Additionally, China will face higher tariffs, 10% above existing rates, until it addresses the flow of illegal drugs into the United States.