Hitting a familiar theme from the campaign trail and his first term in office, Trump portrayed the country’s borders as insecure and immigrants as contributing to crime and the fentanyl crisis. In an announcement that could have stark repercussions, he threatened to impose 25% tariffs on everything coming into the country from those two countries.

The President-elected abruptly vowed to impose blanket duties on all imports from Mexico and Canada, promising 25 percent levies to punish them over immigration and fentanyl smuggling.

Mexican President Claudia Sheinbaum schooled Trump, warning that his plan for tariffs on imported goods would result in mutually assured economic destruction for both countries.