Trump said in a post to Truth Social on Monday that one of his first executive orders would be to hit Mexico and Canada with a blanket 25% tariff. Mexico and Canada are the second and third top suppliers of goods to the U.S., according to the Office of the U.S. Trade Representative. The U.S. imports the most goods from China.

Donald Trump has announced 25% tariffs on Mexico and Canada. Here is how they would work and what such tariffs might mean.

TORONTO -- Some Canadian officials on Tuesday blasted President-elect Donald's Trump's threat to impose sweeping tariffs, as the leader of the country's most populous province called Trump's comparison of Canada to Mexico “the most insulting thing I’ve ever heard.”