Local time on the 25th, U.S. President-elect Trump stated that a 25% tariff will be imposed on all products entering the U.S. from Mexico and Canada. In addition, Trump announced an additional 10% tariff on Chinese goods. Trump proposed a general 10% tariff on all imported goods in an interview last year. In November of this year, a study by the National Retail Federation (NRF) pointed out that if Trump's new tariff plan is implemented, U.S. consumers could lose up to $78 billion in annual purchasing power. The study indicated that these tariffs would affect consumer goods categories such as clothing, toys, furniture, appliances, footwear, and travel goods. (Jinshi)