President-elect Donald Trump has announced plans to slap punitive tariffs on Canada, China, and Mexico, explaining in a post on his Truth Social platform they are intended to curb the flow of illegal drugs, such as fentanyl.
“As everyone is aware, thousands of people are pouring through Mexico and Canada, bringing Crime and Drugs at levels never seen before. Right now a Caravan coming from Mexico, composed of thousands of people, seems to be unstoppable in its quest to come through our currently Open Border,” he wrote on his social media platform Truth Social.
Trump added that he would introduce a 25 percent tariff on all products coming into the U.S. from Canada and Mexico. He also said he would impose an additional 10 percent tariff on Chinese goods.