In a big move, US President-elect Donald Trump on Tuesday said that he will impose a 25 per cent tariff on every product coming from Canada and Mexico as one of his first actions after assuming office on January 20.

Trump said on Monday that he would impose tariffs on Mexican and Canadian imports on day one of his administration and that the measures would remain until the “invasion” of undocumented migrants and drugs came to an end.

“Both Mexico and Canada have the absolute right and power to easily solve this long simmering problem,” Trump said on his social media platform Truth Social.

“We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price!”

Trump said in a subsequent post that he would also impose a 10 percent tariff on China, “above any additional tariffs”, until the country took action to stop fentanyl smuggling.

During his election campaign, Trump pledged to impose tariffs of 60 percent or more on imports of Chinese goods and suggested he could impose a tariff of 1,000 percent or higher on vehicles imported from Mexico.