Mexico and Canada are the United States’ top two trading partners, accounting for nearly 30% of trade volumes.

President-elect Donald Trump has already begun to captivate financial markets with his unorthodox negotiating style, as evidenced by the reaction to his Tuesday night threat to impose 25% tariffs on Mexico and Canada and a surcharge tariff of 10% on China.

President-elect Donald Trump said he will impose a 25% tariff on all products from Mexico and Canada coming into the U.S. and added tariffs on China.