President-elect Donald Trump vowed additional tariffs on Mexico, Canada and China, shaking markets with his first specific threats to the US’s top trading partners since his election win three weeks ago.

By not signing the official paperwork, Trump's transition team can legally receive unlimited contributions without requiring disclosure.

President-elect Donald Trump said he will impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office.

Among those Epshteyn is alleged to have sought payments from is Scott Bessent, Trump’s nominee to be treasury secretary. Bessent mounted a months-long campaign to win the job but was opposed by Epshteyn allegedly after the hedge fund executive didn’t agree to pay him a substantial retainer.

By shifting so many young, Black and Latino voters into his column, the president-elect has solidified his movement as a cultural force.

Mexico and Canada are the United States’ top two trading partners, accounting for nearly 30% of trade volumes.

Put simply, tariffs are a tax on imports. Here's what Donald Trump did with them in his first term and how they impact the economy.

The US president-elect is using tariffs as a weapon of diplomacy, even coercion, says BBC economics editor Faisal Islam.

“I mean, it is not unexpected in a sense it may be unexpected to Americans who thought Trump was going to lower their prices. Because if you voted for Trump because you thought he was going to bring grocery prices down, I have some very bad news for you,” Rampell said.

Farm owners and consumers would be impacted, too. “These threats to deport masses of people are going to reveal just how dependent our food system is on immigrant labor,” said UVM professor Teresa Mares.

The tariffs, if implemented, could dramatically raise prices for American consumers on everything from gas to automobiles to agricultural products.

President-elect Donald Trump is expected to overhaul U.S. financial regulators, which under Democratic President Joe Bidenhave pursued a slew of stringent new rules for banks, private funds and other lenders.