In a bold move, President-elect Donald Trump has announced plans to impose a 25% tariff on all goods from Mexico and Canada, along with an additional 10% tariff on Chinese products[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.thenews.com.pk/latest/1255159-trump-promises-high-tariff-on-goods-from-china-canada-mexico?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1")[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://jakartaglobe.id/business/trump-threatens-25-tariff-on-goods-from-canada-and-mexico-10-more-on-china?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "2"). These measures are part of his strategy to address irregular border crossings and drug trafficking.
### Key Highlights:
- Tariffs on Mexico and Canada: Trump aims to implement these tariffs as one of his first executive orders, targeting all products entering the U.S. from these countries[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.thenews.com.pk/latest/1255159-trump-promises-high-tariff-on-goods-from-china-canada-mexico?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1")[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://jakartaglobe.id/business/trump-threatens-25-tariff-on-goods-from-canada-and-mexico-10-more-on-china?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "2").
- Additional Tariff on China: An extra 10% tariff will be imposed on Chinese goods, adding to any existing tariffs[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.thenews.com.pk/latest/1255159-trump-promises-high-tariff-on-goods-from-china-canada-mexico?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1")[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://jakartaglobe.id/business/trump-threatens-25-tariff-on-goods-from-canada-and-mexico-10-more-on-china?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "2").
- Objective: The tariffs will remain in place until Mexico and Canada effectively address drug trafficking and illegal border crossings[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.thenews.com.pk/latest/1255159-trump-promises-high-tariff-on-goods-from-china-canada-mexico?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1")[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://jakartaglobe.id/business/trump-threatens-25-tariff-on-goods-from-canada-and-mexico-10-more-on-china?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "2").
### Market Impact:
- Consumer Prices: These tariffs could lead to higher prices for American consumers on various goods, including gas, automobiles, and agricultural products[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://jakartaglobe.id/business/trump-threatens-25-tariff-on-goods-from-canada-and-mexico-10-more-on-china?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "2").
- Trade Relations: The move has already caused ripples in international markets, affecting currencies and stock indexes[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.aljazeera.com/economy/2024/11/26/trump-promises-25-tariff-on-mexico-and-canada-extra-10-tariff-on-china?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "3").
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