President-elect Donald Trump has pledged to impose tariffs on the United States’ three largest trading partners — Canada, Mexico, and China

In 2023, the three countries together bought more than $1 trillion of US exports and provided nearly $1.5 trillion

goods and services to the US, according to a report by The New York Times. Experts believe that the new tariffs can have serious implications

not only for the US but also for global supply chains and companies that do business with some of the world’s largest economies.

executive order imposing a 25% tariff on all Mexican and Canadian imports and an “additional” 10% tariff on Chinese goods

Trump had said he would impose tariffs of 60% or more on imports of Chinese goods and suggested he would enforce a tariff of 1,000%

This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!” the president-elect wrote.