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

President-elect Donald Trump threatened on Monday to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs. He said he would impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from China, as one of his first executive orders.Related video above: President-elect Trump fills cabinet for second administrationThe tariffs, if implemented, could dramatically raise prices for American consumers on everything from gas to automobiles to agricultural products. The U.S. is the largest importer of goods in the world, with Mexico, China and Canada its top three suppliers, according to the most recent U.S. Census data.Trump made the threats in a pair of posts on his Truth Social site in which he railed against an influx of illegal migrants, even though …