President-elect Donald Trump is threatening America’s three largest trading partners with import tariffs of 10% to 25% for what he says is their inability to stem the flow of immigrants and illicit narcotics into the U.S.
Trump campaigned throughout his 2024 successful run for the White House on the promise of tackling immigration and said he favored using the cudgel of tariffs to make other nations negotiate with him. At one point, he said the word “tariff” was his favorite one in the dictionary.
Here are some things to know about tariffs and their impact.
This post originally appeared at U.S. News & World Report.