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Al Jazeera
Al Jazeera
Business

Trump promises 25% tariff on Mexico and Canada, extra 10% tariff on China

US President-elect Donald Trump speaks at meeting of the House GOP conference in Washington, DC on November 13, 2024 [Alex Brandon/AP]

United States President-elect Donald Trump has pledged to slap a 25 percent tariff on all goods from Mexico and Canada and an “additional” 10 percent tariff on Chinese products in response to irregular border crossings and drug trafficking.

Trump’s announcement on Monday rattled international markets and offered the clearest indication yet that he intends to implement a concentrated form of the unorthodox “America First” economic policies that fueled his return to the White House.

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