Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office

UPDATED: November 26, 2024 at 4:12 AM PST

The tariffs, if implemented, could dramatically raise prices on everything from gas to automobiles.

Originally Published: November 25, 2024 at 4:34 PM PST

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It is unclear whether Trump will actually go through with the threats or if he is using them as a negotiating tactic before he takes office in the new year.