news nation reporter elina shirazi has the latest on these plans and how it could impact you. >> going to make us very ridge and very strong we're going to the country's very fairly president trump slapping sweeping 25% tariffs today on goods from mexico and canada. >> and 10% on china on top of existing tariffs. >> so we'll be doing pharmaceuticals, partly and drugs, medicines center all forms and that medicine and and we'll be doing very important steel. and we'll also be doing chips and things associated with. >> the tariffs could also increase the prices on major imports. we use every day like cars produce alcohol and even our cell phones speaking to reporters in the oval office friday, trump saying the tariffs are sort of punishment. now he hopes the changes will limit the amount of drugs and illegal immigrants from crossing the u.s. border. but the president isn't stopping there promising a part to to the tariffs eventually when they put tariffs ships. >> we're going to put tariffs that will happen fairly soon. think the around the that going to be putting tariffs steel and alumi