RUSH DOSHI is Director of the Initiative on China Strategy at the Council on Foreign Relations and an Assistant Professor at the Edmund A. Walsh School of Foreign Service at Georgetown University. He previously served as Deputy Senior Director for China and Taiwan Affairs at the National Security Council during the Biden administration.

Economists worry that Trump's tariff plan will raise the prices of a range of imported goods, from cars to electronics.

President-elect Donald Trump on Monday promised massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his administration, a policy that could sharply increase costs for American businesses and consumers.

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

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.

The tariffs, if implemented, could dramatically raise prices for American consumers on everything from gas to automobiles to agricultural products.

By Joe Cash BEIJING (Reuters) -China attacked U.S. President-elect Donald Trump's pledge to slap additional tariffs on Chinese goods over fentanyl flows, saying his incoming administration was pushing the blame for America's opioid crisis onto China.