Trump, who takes office on Jan. 20, said he would impose a 25% tariff on imports from Canada and Mexico until they clamped down on drugs, particularly fentanyl, and migrants crossing the border, in a move that would appear to violate a free-trade deal.

President Donald Trump has threatened a 25 percent import tariff on all goods coming to the United States from Canada and Mexico when his second term begins.

MEXICO CITY (Reuters) - Financial analysts on Tuesday reacted to a threat from U.S. President-elect Donald Trump to impose 25% tariffs on top trade partners Mexico and Canada when he takes office for a second term in January in a move that could trigger a trade war.

Trump threatened to impose 25% tariffs on Canada and Mexico and 10% on China as soon as he gets into office on January 20, 2025. He accused the countries of permitting the flow of illegal migrants and drugs, particularly fentanyl, into the US.

U.S. President-elect Donald Trump plans to impose 25% tariffs on Mexico and Canada, potentially triggering a trade war. Analysts expect negative effects on Mexico's economy and equities, and a review of the USMCA agreement is anticipated in 2026,

President-elect Donald Trump is threatening to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs

Officials from Mexico, Canada and China warned U.S. President-elect Donald Trump's threat of imposing hefty tariffs on goods from the three largest U.S. trading partners would harm the economies of all involved and would risk aggravating inflation and damaging job markets.

Fox News National Correspondent Bryan Llenas and Former Speaker of the House Kevin McCarthy join ‘America’s Newsroom’ to discuss President-elect Donald Trump’s vow to add tariffs on imports from Mexico,