President-elect Donald Trump on Monday said that he would impose new tariffs on imported goods from Canada, China, and Mexico during the first day of his new administration.
The former president, who won re-election earlier this month, said that the tariffs would be one of his first executive actions as the new commander-in-chief. He also pledged that the tariffs would remain in place until the border is secure and fentanyl stops flowing into the country.
Trump said Mexico and Canada will each face a 25% tariff. The tariff on China will be 10%.
“As everyone is aware, thousands of people are pouring through Mexico and Canada, bringing Crime and Drugs at levels never seen before,” the former president posted on Truth Social. “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.
“On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,” he added.
Trump also claimed that he spoke with Chinese leaders on ending their part in the illegal flow of fentanyl into the U.S., but that they have failed to stop the flow despite promising to impose the maximum penalty on anyone caught helping to send fentanyl into the country.
“Until such time as they stop, we will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America,” Trump wrote. “Thank you.
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