Trump promises a 25% tariff on products from Mexico and Canada

U.S. President-elect Donald Trump said on Monday he would sign an executive order imposing a 25% tariff on all products coming in to the United States from Mexico and Canada.
“On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,” Trump said in a post on Truth Social.
Trump said the tariffs would remain in place until the two countries clamp down on drugs, particularly fentanyl, and migrants crossing the border illegally.