Trump Plans New Tariffs on China, Canada and Mexico

Donald Trump says the US will impose an additional 10% tariff on Chinese goods on top of all existing levies due to the influx of illegal drugs such as narcotics. In another Truth Social post, the president-elect also said he will sign documents to impose a 25% tariff on all goods from Canada and Mexico. Stephen Engle reports on Bloomberg Television.
--------
More on Bloomberg Television and Markets


Connect with Bloomberg Television on:

Connect with Bloomberg Business on:

More from Bloomberg:


Watch more on YouTube:

[NURREDIN]

Does anyone remember when trump put tariffs on Canadian lumber and the Canadians responded by boycotting American dairy and caused many of our dairy farmers to go bankrupt? They were (and are) the biggest consumers of American dairy products. Prepare to pay MORE for every visit to Wal-mart, or Target, or Lowes or Home Depot. When you go shopping, read the labels on everything you like or buy, and see the country of origin.. Can you say 1929 boys and girls?

[michaelWells-efbx]

= Drugs will Always come in ....They will just cost More ...

[kenbabcock]

Canada and Mexico should turn off the oil and gas, strategic metals and lumber and watch America tank

[whowantstorunforpresident]

Gringos about to find just how little their country actually produces.

[billdurkee]

Get ready for higher inflation. Tariffs = inflation.

[garrettq]

DO IT! DO IT! Go ahead you ignorant excuse for a president. Instead of the word tariffs, just say NEW TAXES for the American people. They were stupid enough to elect you, now raise taxes and show them just how stupid they are!

[fremontpathfinder]

Why the f is he putting tariffs on Canada? They are our besties! So stupid

[yolisurich]

I hope the price goes so high we cant buy anything. I hope the wheels come off. Pure stupidity. The dumbest president ever.

[getout]

Tariff is not the solution, because if united states puts Tariff , olso the other country is going to put Tariff too.

[danm]

What an idiot, can someone tell trump how tariffs work!

[fullyhookdgames]

Engle’s voice is so relaxing to listen to

[EverythingisWajo]

Ford and GM prices are going to explode

[mrsjwd]

Please educate yourself on how tariffs work. PLEASE! 🤦‍♀️

[Kitson-]

Buckle up because this is gunna shaft every single American in the US. Enjoy bread at 30$ a loaf and 14$ a gallon gas...

[TaxTheChurches.]

Our closest neighbors. What an idiot. We will have NOBODY on our side.

[Theinfamouskiki]

I'm laughing cause people in comments talking about the evil corporations will suffer. Ummm you do realize that companies employee people? If they go under it means mass unemployment?? And people mentioning prices going up no big deal. You do understand that most car parts, HVAC, building materials of all sorts come from Mexico and Canada? So getting your breaks fixed or your heating unit will go up? It's not just cheap clothing and fruit. Lmaoooo. Almost everything we use has components from other countries.

[the_pumpking_]

There's a saying in Mexico that I find absolutely fitting for this situation wich is: "Disfruten lo votado" wich translates to enjoy what you voted for... 🤭🤭🤭

[hpp]

If this goes ahead, Mexico should consider the invitation to join BRICS. The US is not a reliable partner. Maybe we can negotiate better deals with the rest of the developing world and stop depending so much on one country. Yes our country will hurt, but after such tariffs, what do we have to loose. Nothing

[ennetttrue]

The EPA should look into the smell he emulates..has to be hazardous to humans..

[LaurieValdez-zkdy]

Just wait it's going to be unbelievable 💵💵💵💵💵💵💵💵💵💵💵