Trump had said he would put a 25% tariff on all goods coming into the U.S. from Canada and Mexico and a 10% tariff on Chinese goods during his first day in office.

Summary

Donald Trump is unlikely to impose tariffs on Canada, Mexico, and China on his first day in office, despite campaign promises.

Instead, federal agencies will review trade policies, existing tariffs, and the USMCA agreement.

Trump had proposed a 25% tariff on Canadian and Mexican goods and 10% on Chinese imports, citing fentanyl and immigration concerns.

Economists warn tariffs would raise prices, worsen inflation, and disrupt industries.

Canada and Mexico vowed retaliatory tariffs, threatening U.S. auto production and undermining the USMCA trade agreement.