Trump Announces 25% Tariff on Mexican and Canadian Goods and 10% on China
President-elect Donald Trump posted on Truth Social that he will impose a 25% tariff on all Mexican and Canadian goods through an executive order on Jan. 20, and the tariff will stay "until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country! Both Mexico and Canada have the absolute right and power to easily solve this longtime problem. We hereby demand that they use this power, and, until such time that they do, it is time for them to pay a very big price!"
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
Trump said he would impose a 25% tariff on Mexican goods in 2019 over drug trafficking and migration, but ultimately said he was satisfied with increased Mexican enforcement, and did not.
He also said because China has not stopped the flow of drugs, he will be charging a 10% tariff on top of existing tariffs on Chinese goods, ending his post: "Thank you for your attention to this matter."