Reported 1 day ago
In a recent escalation of trade tension, U.S. President Donald Trump announced plans to impose a 35% tariff on Canadian imports not covered by the USMCA, alongside blanket tariffs of 15% or 20% on other trading partners. This comes amid growing concerns over already implemented tariffs, such as a 50% levy on Brazilian goods, impacting commodities like coffee and copper, and raising fears of inflation. Despite mixed reactions from markets, investors remain cautious as they navigate upcoming trade negotiations.
Source: YAHOO