President-elect Donald Trump has announced plans to impose a 10% tariff on goods from China and a 25% tariff on goods from Canada and Mexico. These tariffs are set to be signed on January 20th, 2025, as part of his first executive orders. The tariffs are aimed at addressing issues related to open borders, drug trafficking, and illegal immigration.
The U.S. imported $4 trillion in goods and services globally, with China accounting for $433 billion of that total. Economists estimate that these tariffs could cost American consumers $78 billion annually. The Chinese Embassy has responded by emphasizing the importance of U.S.-China trade cooperation.
BREAKING: Donald Trump says he will impose an additional 10% tariff on goods from China and 25% tariff on goods from Canada and Mexico.
He says the tariffs are due to open borders, drugs, and illegal aliens.
These tariffs will be signed on January 20th as "one of many first… pic.twitter.com/F7wBqDDDKv
— The Kobeissi Letter (@KobeissiLetter) November 26, 2024
TRUMP ANNOUNCES TARIFFS ON IMPORTS
🇨🇳CHINA – 10% TARIFFS
🇲🇽MEXICO – 25% TARIFFS
🇨🇦CANADA – 25% TARIFFS pic.twitter.com/mVYUNJ6xwe— Radar🚨 (@RadarHits) November 26, 2024
Stock Market: “It’s a Trap!”
When Admiral Ackbar famously warned of a trap, his words became a cautionary metaphor for misplaced confidence—a fitting parallel for today’s overheated stock market. https://t.co/1YsJ3Jh8xV— The Coastal Journal (@1CoastalJournal) November 26, 2024
Overnight, Trump pledged to raise tariffs on Canada and Mexico when he takes office.
Those are the next dominoes to implode. pic.twitter.com/WmA5tMGxR5
— Mac10 (@SuburbanDrone) November 26, 2024
Sources:
https://www.nationalreview.com/
https://www.washingtonexaminer.com/
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