
President Donald Trump announced 25% tariffs on U.S.-bound imports from Canada and Mexico, effective February 1, along with a 10% tariff on imports from China. The tariffs on China are partly due to concerns over fentanyl trafficking through Mexico and Canada. Chief economist for Breakthrough, a transportation management firm, suggests that at a high level, these planned tariffs are partially driven by the movement of Chinese goods through Mexico into the U.S.