In this file photo taken on June 20, 2019, President Donald Trump and Canadian Prime Minister Justin Trudeau take part in a bilateral meeting at the White House. Photo: AFP/Getty Images Referenced Symbols USDCAD 0.86% NEW YORK — President-elect Donald Trump is threatening to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs. The tariffs, if implemented, could dramatically raise prices on everything from gas to automobiles. The U.S. is the largest importer of goods in the world, with Mexico, China and Canada its top three suppliers, according to the most recent Census data. Black Friday Cyber Monday Sale is here. Subscribe to continue reading your article with one of the below offers. MarketWatch + Barron's $2.75/week 63¢/week for 1 year Includes unlimited access to MarketWatch and Barron’s. MarketWatch Digital $2.50/week 50¢/week for 1 year Includes unlimited access to MarketWatch. Continue to Checkout View other Subscription Options Already a subscriber? Sign in