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ARTICLE · 28 NOVEMBER 2024

Trump Announces 25% Tariff On Mexico And Canada

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When Trump won the presidential election, he promised there would be tariffs. On November 25, 2024, we got a clearer picture of what those tariffs will look like.

GlobalInternational Law
John B. Brew
John B. Brew
Aaron C. Cummings
Aaron C. Cummings
Joseph Damond
Joseph Damond
Sibilla Grenon
Sibilla Grenon

When Trump won the presidential election, he promised there would be tariffs. On November 25, 2024, we got a clearer picture of what those tariffs will look like. President-elect Donald Trump posted on social media that he would be imposing 25% tariffs on imports from Mexico and Canada on his first day in office. Additionally, Trump announced the imposition of an additional 10% tariff to pre-existing Chinese tariffs on goods imported into the U.S. According to his post, Trump plans to leverage tariffs and global trade tools to motivate change in areas historically independent from trade negotiations: immigration and drug trafficking. Tariffs were a key component of Trump's campaign—he has described them as a means of growing the U.S. economy, protecting American jobs, and raising tax revenue.

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