In a bold move that could shake up North American trade, U.S. President-elect Donald Trump announced plans to impose a hefty 25% tariff on all products coming into the United States from Mexico and Canada. 🛑💰
\"On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,\" Trump declared on Truth Social.
He stated that these tariffs will remain until Mexico and Canada take action against drug trafficking, especially fentanyl, and prevent illegal immigration across the U.S. borders.
This announcement has stirred conversations across the continent, with many wondering how this will impact everyday life, from the price of avocados 🥑 to the availability of favorite Canadian snacks. 🍁
For Latin American youths and entrepreneurs, this could signal significant changes in trade dynamics, potentially affecting businesses and markets. 🌐📈
Only time will tell how Mexico and Canada respond to Trump's ultimatum. Stay tuned for more updates! 🔜
Reference(s):
cgtn.com
