Trump’s Tariff Threat to Top Trading Partners Roils Markets

President-elect cites flow of drugs, people across US borders
Republican has vowed to tighten border security in second term

Trump vowed to hit neighbors Mexico and Canada with a 25% tariff on “ALL products.”Photographer: Hannah Beier/Bloomberg

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By Nancy Cook and Brian Platt

November 25, 2024 at 11:55 PM UTC

Updated on

November 26, 2024 at 3:06 PM UTC

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President-elect Donald Trump vowed additional tariffs on Mexico, Canada and China, shaking markets with his first specific threats to the US’s top trading partners since his election win three weeks ago.