President-elect Trump has issued a stern ultimatum to Canada and Mexico, threatening a significant 25% tariff on all goods unless they take effective measures to control illegal drug trafficking and immigration, particularly focusing on fentanyl, which he labels as a major contributor to an 'invasion' of the U.S. He stated the tariffs would take effect immediately, on January 20, with a clear message that they will remain until he sees satisfactory action from these countries.
In a continuation of his tough-on-trade stance, Trump has reintroduced tariffs as a key component of his administration’s strategy to address the drug crisis and immigration issues. The potential imposition of a 10% tariff on Chinese goods highlights his long-held belief that tariffs serve as necessary economic levers to compel foreign nations to adhere to U.S. interests, even as most economists predict that American consumers will ultimately shoulder the burden of these tariffs.
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