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.

The president-elect said that he would impose the across-the-board tariffs on Day 1 and that they would stay in place until Canada, Mexico and China halted the flow of drugs and migrants.

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.