Trump's Tariff Strategy Against Canada and Mexico

Donald Trump plans to impose significant tariffs on goods imported from Canada and Mexico as a means to address illegal immigration and drug trafficking into the United States. He announced a 25% tariff on all goods from these countries starting on the first day of his second term, citing national security as the basis for this unilateral action. The Mexican government has been criticized for allegedly facilitating the migration of Central and South American individuals into the U.S., as Trump demands cooperation to resolve these issues. Following this announcement, both the Canadian dollar and Mexican peso experienced declines, indicating a potentially immediate economic impact.