Mexico, Canada and China are all about to be targeted by Trump's tariffs.

US President-elect Donald Trump said on November 25 that on his first day in office, he will sign an executive order imposing a 25% tax on all goods imported into the US from Mexico and Canada.

Mr. Trump said the tariffs would remain in place until Mexico and Canada crack down on drugs and illegal immigrants. (Source: Reuters)

On the social network Truth Social, Mr. Trump stated: "On January 20, 2025, in one of my first many executive orders, I will sign the necessary documents to impose a 25% tax on all products from Mexico and Canada imported into the United States, as well as their unreasonable open border policy."

Mr. Trump said the tariffs would remain in place until Mexico and Canada crack down on drugs, especially fentanyl, and illegal border crossings.

Regarding China, the US President-elect accused Beijing of not doing enough to stop the flow of illegal drugs across the Mexican border into the United States.

"Until they do, we will be imposing a 10% tariff on China, on top of any additional tariffs," he said.

Previously, Mr. Trump pledged to end most-favored-nation trade status with China and impose tariffs on imports from China of over 60% - much higher than the tax rate applied during his first term.

Source: https://baoquocte.vn/mexico-canada-va-trung-quoc-sap-dong-loat-vao-tam-ngam-ap-tax-cu-a-ong-trump-295137.html