A.M. Edition for Nov. 26. Donald Trump vows to slap 25% tariffs on Mexican and Canadian imports from day one and an additional 10% tariff on Chinese imports, stirring currency markets. Plus, with the President-elect directly linking these new levies to the international narcotics trade, we ask WSJ correspondent Brian Spegele whether Trump’s hardball tactics on China will work to ease the fentanyl crisis. And the White House proposes a big coverage expansion plan for Medicare and Medicaid to pay for popular weight-loss drugs. Luke Vargas hosts.

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