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The proposed tariffs on China, Canada and Mexico could raise prices for United States consumers, according to Goldman.
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A spokesperson at the Chinese Embassy in Washington said his country is fighting fentanyl trafficking, the reason for the new promised penalty.
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President-elect Donald Trump said he would impose the import tariffs — 25 percent for Canada and Mexico and 10 percent for China — as soon as he takes office.
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Mexico hits back as Trump's tariff threat shakes markets Financial TimesChina, Canada and Mexico hit back at Trump's tariff plan amid warnings of impact on US economy - live The Guardian USMexican President Mulls Retaliatory Tariffs After Trump's Threats The New York TimesExpert says she has bad news for Trump voters who want lower grocery prices CNN
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Dollar climbs after Donald Trump's tariff pledge Financial TimesTrump Plans Tariffs on Mexico, Canada and China That Could Cripple Trade The New York TimesStock Market News: Dow Set to Open Down Amid Trump Tariff Fears Barron'sTrump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico CNBC
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S&P 500 rises slightly following Trump tariff plans; Amgen weighs on Dow: Live updates CNBCTrump Plans Tariffs on Mexico, Canada and China That Could Cripple Trade The New York TimesMexico's president would impose retaliatory tariffs in response to Trump's plan AxiosMexico suggests it would impose its own tariffs to retaliate against any Trump tariffs The Associated Press
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