Inside Trade

December 7, 2024

Trump pledges new tariffs on Mexico, Canada, China to curb migration, drugs

By Hannah Monicken  / November 25, 2024 at 9:33 PM
President-elect Trump plans to impose a 25 percent tariff on all goods from Canada and Mexico on the first day of his administration in an effort to force the two countries to curb migration and the movement of fentanyl into the U.S., he said on Monday. Additionally, the president-elect proposed a 10 percent tariff on Chinese goods, also with the goal of slowing the amount of drugs, particularly fentanyl, coming into the U.S. from China. “[T]housands of people are pouring...

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