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On January 20, 2023, Trump made headlines by announcing a potential 25% tariff on all goods imported from Canada and Mexico. He emphasized that this tariff would remain until the issues of drug trafficking and illegal migration were adequately addressed. In 2023, the United States imported $480 billion worth of goods from Mexico and $430 billion from Canada, including essential items such as vehicle parts, machinery, and electronics.
This immense figure, nearing $1 trillion in combined imports, highlighted the serious ramifications such tariffs could have on trade between these neighboring countries. The strategic threat of imposing a significant tariff has wide-reaching consequences, and Trump's stance marked a decisive shift in US trade policy.