BREAKING: Trump pledges 25% tariffs on Canada, Mexico

U.S. President-elect Donald Trump said on Monday that on his first day in office he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China, citing concerns over illegal immigration and the trade of illicit drugs.

"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," Trump said in a post on Truth Social.

Trump said the tariffs would remain in place until the two countries clamp down on drugs, particularly fentanyl, and migrants crossing the border illegally.

On China, the president-elect accused Beijing of not taking strong enough action to stop the flow illicit drugs crossing the border into the U.S. from Mexico.

Trump has previously pledged to end China's most-favored-nation trading status and slap tariffs on Chinese imports in excess of 60% - much higher than those imposed during his first term.

"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 said.

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[ustoday-us]

25% increase on everything we buy from Mexico and Canada. So much for lowering prices in the grocery store.

[alvadagansta]

This is on purpose. This will devalue the dollar and trigger a recession. It’s a bad thing if you’re poor. It’s a good thing if you’re rich and have insider information.

[sixfigureskibum]

How fast can one person crash the global economy

[porkyrabbit]

You've got to admit, a majority of the country voting for a man because of the
"price of goods are too high", only for him to increase prices on his first day in office, has to be regarded as one of the greatest social experiments of all time.

[Evan-sr]

The great thing about Trump is practically every week I say "that's the stupidest thing i ever heard". You'd think there's an eventual limit but he's been a bottomless pit of stupidity.

[Argonaut]

I'm a Canadian. Let`s bear in mind a few things. We provide you with 60% of your oil imports. Our auto industry is joined at the hip. You import vast amounts of softwood lumber from Canada to build your houses. If you think inflation was bad a couple years ago wait until you have to start paying tariffs on all this stuff. And then, of course, Canada will have to retaliate and impose tariffs on US imports. We are your largest single export market. 9 million US jobs depend on exports to Canada,
No one wins a trade war.

[KZIGGYZIG]

He's doing everything he can to destroy this nation from within.

[generator]

There is NOTHING that can’t be totally screwed up by a “conservative”!

[jessiecurl]

Does he think that the Mexican and Canadian governments pay tariffs?

[claudermiller]

You think housing prices are high now?
Do you know how much lumber we import from Canada?
And guess what else? A lot of the food we eat doesn't grow in the northern hemisphere during the winter.
Prices will go sky high.
All to pacify Donald Trump and his xenophobic hatred.

[lemule]

Remember! He filed for bankruptcy 7 times. I guess America will be filling for bankruptcy aswell.
Great Job MAGa and their supporters.
Buyers remorse will be setting in soon.

[juanvaldovinos]

The consumer is going to pay 25% more for those products imported from Canada and Mexico. Cars are going to be more expensive. What about avocados, limes, tomatoes, etc.

[zeusbottom]

America deserves every minute of this administration.

[KeithGreenan-ed]

We elected a president who does not understand economics

[animelodies-_-]

Canada and Mexico will be making big money and we’ll be paying for it at the stores. US government makes nothing. Great strategy to improve our economy

[igotmovies]

As a Mexican will no longer be buying American products. And I expect my government to put tariffs on the United States.

[MidnightBITE]

Lmao! Now everything will be even MORE expensive. You people that voted for him all share a single brain cell.

[dariosotherradio]

To all the DJT supporters, to put it in terms you might understand: instead of a MAGA hat costing $16, it will now cost $22

[Breakfastfordinner]

Since when has the Canadian border had issues with drug trafficking and illegal crossings?

[SouthCarolina]

I hope Trump does 50% tariffs. I hope prices fly through the roof. I hope he deports any and everyone. I hope he cuts the government down to nothing. I hope he cuts social security, Medicare, Medicaid, cut every social program there ever was. We the people deserve every bit of what's to come.