Trump threatens tariffs on Canadian, Mexican, and Chinese goods, sparking economic warnings.

US President-elect Donald Trump has threatened to impose a 25% tariff on all Canadian and Mexican goods, and a 10% tariff on Chinese imports. Trump says the tariffs will stay until Canada and Mexico curb illegal border crossings and drug smuggling. Canadian leaders warn this move could cause significant economic harm to both Canada and the US, potentially costing Canada $30 billion annually and the US $125 billion. Canadian Prime Minister Justin Trudeau has spoken to Trump about the issue, and leaders are pushing for negotiations to avoid these tariffs.

November 25, 2024
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