Mexico and Canada are the United States’ top two trading partners, accounting for nearly 30% of trade volumes.

Donald Trump said on Monday that he will impose an additional 10 percent tariff on Chinese products entering the U.S. when he returns to the White House.

If enacted, they would violate the 2020 deal that the United States inked with Canada and Mexico during Donald Trump’s first term.

President-elect Donald Trump is threatening to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs.

President-elect Donald Trump on Monday promised massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his administration.

The president-elect said he plans to impose 25% tariffs on Mexico and Canada and an additional 10% on China on his first day in office.

Mexico has supplanted China as the main source of goods, but imports keep climbing.

China is ready for dialogue with the United States. President-elect Donald Trump announced the introduction of high tariffs on Chinese products. According to experts, tariffs on Chinese imports might reduce the growth of the world's second-largest economy by 1 percentage point.

Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the effects of such "external shocks," a senior Commerce Ministry official said Friday in Beijing.