Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office

President-elect Donald Trump has announced plans to impose sweeping new tariffs on Mexico, Canada, and China, set to take effect on his first day in office. This decision is part of a larger effort to combat illegal immigration and drug trafficking, areas Trump has consistently highlighted during his campaign. By targeting these three nations, Trump aims to alter the current trade agreements that he views as unfavorable to the United States. Experts warn that such tariffs could lead to increased prices for American consumers, potentially causing economic disruption. Additionally, this move may strain diplomatic relations with neighboring countries, raising concerns about future cooperation on trade and security issues.

The announcement has sparked a heated debate among economists regarding its efficacy and potential consequences for the U. S. economy. As the inauguration day approaches, the business community and foreign governments are closely monitoring the situation. Trump's aggressive stance on trade reflects his administration's broader agenda to prioritize American interests above all else.