The president-elect said that he would impose the across-the-board tariffs on Day 1 and that they would stay in place until Canada, Mexico and China halted the flow of drugs and migrants.

Trump, who takes office on Jan. 20, said he would impose a 25% tariff on imports from Canada and Mexico until they clamped down on drugs, particularly fentanyl, and migrants crossing the border, in a move that would appear to violate a free-trade deal.

Key Takeaways After President-elect Donald Trump said that he would enact tariffs on Mexico, Canada and China, those nations urged more talks before resorting to tariffs.Mexico warned it could respond with its own tariffs,