President-elect Donald Trump has vowed that he will impose massive hikes in tariffs on goods imported from China, Mexico and Canada immediately after taking office.
This is in response to illegal immigration and "crime and drugs" coming across the border from these countries to the United States, according to him.
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Political News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.