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Goods could quickly get pricier under Trump’s tariff plans

Shafaqna English- United States President-elect Trump has vowed to slap a 25% tariff on Canadian and Mexican imports, and an “additional” 10 percent tariff on Chinese goods as soon as he takes office in January.

Trump who announced the plans on Monday (25 Nov 2024) on his social media platform Truth Social, said the measures were in response to Canada and Mexico’s failure to keep undocumented workers and drugs from flowing across the USA’s border.

He said the additional tariffs on China were a response to the flow of drugs, in particular, the deadly opiate fentanyl, into the USA.

Source: ALJazeera

www.shafaqna.com

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