Trump Announces Tariff Plan Via Truth Social

Trump announcing he'll enact a 25%t tariff on imports from Canada and Mexico, an additional 10% on goods coming from China.

Transcript

00:00Trump trade war 2 is upon us.

00:02President-elect Trump promising massive tariffs on goods from Mexico, Canada and China.

00:08Trump announcing he'll enact a 25% tariff on imports from Canada and Mexico

00:14and additional 10% on goods coming from China.

00:18Trump says on Truth Social, quote,

00:20this tariff will remain in effect until such time as drugs, in particular fentanyl,

00:26and all illegal aliens stop this invasion of our country.

00:31If the tariffs go into effect in January,

00:33they'll likely raise prices for Americans on a wide variety of products,

00:38most notably cars and car parts coming from Mexico

00:42and could stunt U.S. economic growth, according to analysts.