Trump vows tariffs on China, Mexico, Canada

Political liability: Cargo trucks line up to cross into Otay Mesa, San Diego from Mexico. Trump says he intends to impose sweeping tariffs on goods from some of the United States’ largest trading partners. — AFP

NEW YORK: President-elect Donald Trump vowed additional tariffs on China as well as US neighbours Canada and Mexico, providing a sharp counter to expectations that he might temper his trade policies during a second term.

Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada in posts to his Truth Social network on Monday that sent the US dollar higher and equities lower.