Donald Trump intends to implement a 25% tariff on imports from Canada and Mexico on his first day in office, along with a potential 10% tariff on Chinese goods. These tariffs echo his previous campaign promises to use aggressive trade measures to encourage domestic production. Such actions could reignite trade tensions reminiscent of his first presidency and threaten the stability of the United States-Mexico-Canada Agreement (USMCA), which could provoke retaliatory tariffs from Canada and Mexico. The proposed tariffs may also burden U.S. retailers and consumers, potentially leading to inflation and increased costs.

Source: https://www.supplychaindive.com/news/donald-trump-tariffs-canada-mexico-china/734013/