President-elect Donald Trump's proposed tariffs on Canada and Mexico could lead to price hikes for a range of everyday goods. On Monday, Trump announced his plan to impose a 25 percent tariff on goods from Canada and Mexico. In a series of Truth Social ...

Mexico and Canada are the United States’ top two trading partners, accounting for nearly 30% of trade volumes.

The US president-elect said that the tariffs were aimed at targeting illegal drug smuggling and immigration into America.

The tariffs, if implemented, could dramatically raise prices for American consumers on everything from gas to automobiles to agricultural products.

President-elect Donald Trump said he would impose the import tariffs — 25 percent for Canada and Mexico and 10 percent for China — as soon as he takes office.

The US heavily taxed imports for much of its history before largely abandoning the policy, beginning in the 1930s, as government leaders embraced the idea of free trade. Tariffs made a comeback during the 2017-2021 presidency of Donald Trump,

Luis Costa, global head of emerging markets strategy at Citi, talks about the market reaction and outlook off the back of President-elect Donald Trump's announcement of tariffs on China, Canada, and Mexico.

President-elect Donald Trump threatened on Monday to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs.