Trump has threatened to impose 25% tariffs on all goods from Canada and Mexico on February 1 in response to what he views as inadequate border security failing to stop drugs and migrants from coming into the United States.

While much about the threatened tariffs is still unclear, experts predict they would be bad news for all three economies, with few winners.

Trump underscored his intention to use tariffs as a tool of international economic policy and an increasingly vital source of government revenue.