US President-elect Donald Trump set out some of the major policies he wants to implement over the next four years during a press conference held on January 7. While addressing Washington DC's future foreign policy and how he will tackle immigration, Mr Trump said he is planning to rename the Gulf of Mexico.

President Donald Trump said Monday that he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to flesh out his plans for taxing Chinese imports.