Trump on Monday pledged a 25% tariff on all products from Mexico and Canada from his first day in office, and an additional 10% tariff on goods from China, citing illegal immigration and the trade of illicit drugs.
“On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,” Trump said in a post on Truth Social.
Trump said the tariffs would remain in place until the two countries clamp down on drugs, particularly fentanyl, and migrants crossing the border illegally.
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Video » CBC The National’s Adrienne Arsenault asks former Conservative industry minister James Moore about the potential economic impact of U.S. president-elect Donald Trump’s threat to slap a 25% tariff on all Canadian goods. ⤵️
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Bloomberg » United States Trade Representative Jennifer Hillman says Trump announcing the plan before he’s in the office suggests he’s looking for Canada or Mexico to offer things to negotiate. She joined Eli Lee Chief Investment Strategist at Bank of Singapore for a conversation on Bloomberg TV’s Insight with Haslinda Amin.
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France 24 »
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