“Donald Trump on Monday threatened tariffs as high as 100 percent on Mexico, America’s largest trading partner last year, in yet another escalation of the drastic protectionist promises of his 2024 presidential campaign,” the Washington Post reports.
“Trump said he would impose tariffs on Mexico of between 25 percent and 100 percent until it closed off its border with the United States.
Trump has already suggested new import duties of as high as 20 percent on every country in the world, and economists have warned that if enacted, his sweeping new trade proposals are likely to send costs soaring for U.S. consumers.”