U.S President-elect Donald Trump has announced plans to impose significant tariffs starting January 20, 2025, when he takes office. These include a 25% tariff on goods from Canada and Mexico, along with an additional 10% tariff on imports from China. Trump cited concerns over drug trafficking, illegal migration, and fentanyl control as primary reasons for this policy.
The proposal has already triggered economic and political responses. The Canadian dollar briefly dropped, and Canadian Prime Minister Justin Trudeau held urgent talks with Trump and provincial premiers to address potential repercussions. Experts caution that these tariffs could severely disrupt trade, increase consumer costs, and strain supply chains across North America and with China.
Omnitrans is closely monitoring the situation and will provide updates as developments unfold.
Trump to impose tariffs on Canadian, Mexican, and Chinese goods
Donald Trump threatens 25% tariff on products from Canada, Mexico | CBC News