Trump’s imposition of tariffs on Canada and Mexico signals a new focus on the North American Free Trade Agreement.

November 26, 2024 TruthUSA

In an interview, former Commerce Secretary Wilbur Ross stated, “I think there are some refinements that are very appropriate.”

President-elect Donald Trump announced new tariffs, signaling to allies and adversaries that he is prepared to tighten America’s trade agreements.

Trump, who takes office on Jan. 20, said in a series of social media posts that he will slap a 25 percent tariff on all imports from Canada and Mexico. The purpose, Trump says, is to pressure the two nations to clamp down on drugs and illegal immigrants crossing the border.

“Both Mexico and Canada have the absolute right and power to easily solve this long-simmering problem,” Trump wrote in a Truth Social post on Nov. 25. “We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price!”

Approximately 80 percent of Canada and Mexico’s exports go to the United States.

Canadian Prime Minister Justin Trudeau confirmed to reporters on Nov. 26 that he spoke to Trump by phone soon after the announcement, describing it as “a good call.”

“This is something that we can do. Laying out the facts, moving forward in constructive ways. This is a relationship that we know takes a certain amount of working on and that’s what we’ll do,” the prime minister said.