(FILES) In this aerial image, cargo containers are readied for transport at the Port of Baltimore in Baltimore, Maryland, on October 14, 2021. US President-elect Donald Trump said November 25, 2024 he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that "no one will win a trade war." In a series of posts to his Truth Social account, Trump vowed to hit some of the United States' largest trading partners with duties on all goods entering the country. (Photo by Brendan Smialowski / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

(FILES) An aerial picture taken on October 14, 2021 shows the Port of Los Angeles, in Los Angeles, California. US President-elect Donald Trump said November 25, 2024 he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that "no one will win a trade war." In a series of posts to his Truth Social account, Trump vowed to hit some of the United States' largest trading partners with duties on all goods entering the country. (Photo by Robyn Beck / AFP) (Photo by ROBYN BECK/AFP via Getty Images)

(FILES) Aerial view of cargo trucks lining up to cross to the United States near the US-Mexico border at Otay Mesa crossing port in Tijuana, Baja California state, Mexico, on April 4, 2019. US President-elect Donald Trump said November 25, 2024 he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that "no one will win a trade war." In a series of posts to his Truth Social account, Trump vowed to hit some of the United States' largest trading partners with duties on all goods entering the country. (Photo by Guillermo Arias / AFP) (Photo by GUILLERMO ARIAS/AFP via Getty Images)

(FILES) Aerial view of trucks lining up to cross to the United States near the US-Mexico border fence in Tijuana, Baja California state, Mexico, on April 24, 2019. US President-elect Donald Trump said November 25, 2024 he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that "no one will win a trade war." In a series of posts to his Truth Social account, Trump vowed to hit some of the United States' largest trading partners with duties on all goods entering the country. (Photo by Guillermo Arias / AFP) (Photo by GUILLERMO ARIAS/AFP via Getty Images)

(FILES) Aerial view of trucks queuing next to the US-Mexico border to cross to the United States at the Otay crossing port in Tijuana, Baja California State, Mexico, on August 22, 2024. US President-elect Donald Trump said November 25, 2024 he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that "no one will win a trade war." In a series of posts to his Truth Social account, Trump vowed to hit some of the United States' largest trading partners with duties on all goods entering the country. (Photo by Guillermo Arias / AFP) (Photo by GUILLERMO ARIAS/AFP via Getty Images)

(FILES) Cargo trucks line up next to the border fence to cross to the United States near the US-Mexico border at Otay Mesa crossing port in Tijuana, Baja California state, Mexico, on April 4, 2019. US President-elect Donald Trump said November 25, 2024 he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that "no one will win a trade war." In a series of posts to his Truth Social account, Trump vowed to hit some of the United States' largest trading partners with duties on all goods entering the country. (Photo by Guillermo Arias / AFP) (Photo by GUILLERMO ARIAS/AFP via Getty Images)

(FILES) Aerial view of cargo trucks lining up to cross to the United States near the US-Mexico border at Otay Mesa crossing port in Tijuana, Baja California state, Mexico, on April 2, 2019. US President-elect Donald Trump said November 25, 2024 he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that "no one will win a trade war." In a series of posts to his Truth Social account, Trump vowed to hit some of the United States' largest trading partners with duties on all goods entering the country. (Photo by Guillermo Arias / AFP) (Photo by GUILLERMO ARIAS/AFP via Getty Images)

(FILES) Aerial view of trucks queuing next to the US-Mexico border to cross to the United States at the Otay crossing port in Tijuana, Baja California State, Mexico, on August 22, 2024. US President-elect Donald Trump said November 25, 2024 he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that "no one will win a trade war." In a series of posts to his Truth Social account, Trump vowed to hit some of the United States' largest trading partners with duties on all goods entering the country. (Photo by Guillermo Arias / AFP) (Photo by GUILLERMO ARIAS/AFP via Getty Images)