While the announcement is almost certainly bluster to bring attention to illegal immigration and fentanyl smuggling, there are several reasons why it is so risky.

With the possibility of a multi-front trade war looming over the January inauguration of President-elect Donald Trump, tariffs are the name of the game for economic forecasts.

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.