Golden Finance reported that on the 25th local time, US President-elect Trump stated that he would impose a 25% tariff on all products from Mexico and Canada entering the United States. In addition, Trump also announced that he would impose an additional 10% tariff on Chinese goods. Trump proposed a 10% general tariff on all imported goods in an interview last year. In November this year, a study by the National Retail Federation (NFR) pointed out that if the new tariff plan proposed by Trump is implemented, American consumers may lose as much as $78 billion in annual spending power. Studies show that these tariffs will affect consumer product categories such as clothing, toys, furniture, appliances, footwear and travel goods. (CCTV News)