US President-elect Donald Trump yesterday announced plans to impose immediate tariffs on China, Mexico, and Canada upon taking office on January 20, 2025. The proposed measures include a 25% tariff on all goods from Mexico and Canada, plus an additional 10% tariff on Chinese imports, targeting countries that account for approximately 40% of the US’ $3.2 trillion annual imports. Trump aims to leverage these tariffs to combat illegal immigration and fentanyl trafficking. China's embassy in Washington responded that “no one will win a trade war.”