President-elect Donald Trump plans to impose sweeping new taxes on goods imported from Mexico, Canada, and China, as part of his effort to tackle illegal immigration and drug issues. This move could lead to significant price hikes for American consumers.
President-elect Donald Trump threatened to impose 25% taxes on all products entering the United States from Mexico and Canada , and an additional 10% on goods from China , as one of his first executive orders. Trump made the threats in a post on his Truth Social site, aiming to crack down on illegal immigration and drugs. If implemented, these tariffs could significantly raise prices for American consumers on a variety of products, from automobiles to agricultural products. The U.S.
is the largest importer of goods in the world, with Mexico, China, and Canada being its top three suppliers
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