4 hours Ago By Kyle Osullivan
Donald Trump has vowed to put a staggering 25% tariff on ALL products coming into the US from Canada and Mexico . Despite warnings from financial experts, Trump laid out his controversial plans to implement the tariffs on his first day in office until 'drugs and illegal aliens' stop crossing the borders. The president-elect also revealed plans to add an additonal 10% tariff to Chinese imports, on top of any existing ones, due to China 'not implementing the death penalty on drug dealers.
' Trump announces more picks for key roles in Cabinet — including ex-NFL player Jack Smith moves to dismiss election interference charges against Donald Trump On Monday night, he wrote on Truth Social: "As everyone is aware, thousands of people are pouring through Mexico and Canada, bringing Crime and Drugs at levels never seen before. "Right now a Caravan coming from Mexico , composed of thousands of people, seems to be unstoppable in its quest to come through our currently Open Border. "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.
" "This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country! Both Mexico and Canada have the absolute right and power to easily solve this long simmering problem. "We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price!" Despite the warnings of most economists, Trump is determined to implement tariffs, even if they impact Americans. Trump believes that income from the heavy tariffs he will impose will help America trickle in boosted social security benefits.
He also vowed to put an additional 10% tariff for products coming into the country from China. In a second Truth Social post, Trump continued: "I have had many talks with China about the massive amounts of drugs, in particular Fentanyl, being sent into the United States – But to no avail. "Representatives of China told me that they would institute their maximum penalty, that of death, for any drug dealers caught doing this but, unfortunately, they never followed through, and drugs are pouring into our Country, mostly through Mexico , at levels never seen before.
"Until such time as they stop, we will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America. Thank you for your attention to this matter." During his election campaign, Trump claimed he doesn't need congress and will 'impose' major tariffs.
" I don't need Congress, but they'll approve it. I'll have the right to impose them myself if they don't. I'd rather get their support.
The ones who understand the business will all support it," Trump said in September. Several economists have pushed back on Trump's plan, citing concerns that the perceived benefits may not pass on to consumers. "If the idea is to expand domestic production of goods so as to benefit U.
S. workers, not much expansion can be achieved in an economy such as the U.S.
that is close to full employment," Professor Barbara Spencer, a teacher at the University of British Columbia, told Newsweek..
