Earlier this week, Trump vowed to impose new tariffs on goods from China, Canada and Mexico - America's top three trade partners. He said he would introduce 25% tariffs on imports from Mexico and Canada and "an additional 10% tariff, above any additional tariffs" on imports from China.

LONDON, ONT. — Southwestern Ontario may lose a $7-billion investment and the 3,000 jobs that come with it if Canadian industry is hit with a 25 per cent tariff from U.S. president-elect Donald Trump, one trade expert warns.

Officials from Mexico, Canada and China and major industry groups warned that U.S. President-elect Donald Trump's threat of hefty tariffs on goods would harm the economies of all involved, cause inflation to spike and damage job markets.