President-elect Donald Trump said he plans to impose 25% tariffs on all imports from Mexico and Canada and an additional 10% on goods from China, in moves likely to ramp up tensions with America's three top trading partners.

Trump says he will sign an executive order imposing a 25% tariff on all goods coming from Mexico and Canada and a 10% tariff on those from China.

On the campaign trail, Trump claimed to his supporters that tariffs are ‘not going to be a cost to you, it’s a cost to another country.’ Economists warn this isn’t the case