In a pair of social media posts, Trump said he'd take executive action, imposing a 25% tax on all products entering the U.S. from Mexico and Canada and another 10% on goods from China.

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.

After President-elect Donald Trump said he would enact steep tariffs on Mexico, Canada and China, those nations urged talks instead of damaging trade relationships. Meanwhile, economists fear tariffs could stoke inflation for U.