Reported about 9 hours ago
Economists are analyzing the potential effects of President Trump's proposed 25% tariffs on goods from Mexico and Canada, which could significantly influence prices for various consumer products and the overall economies of the involved countries. The anticipated tariffs may lead to increased prices for everyday items while raising concerns about purchasing power, commodity prices, and global trade dynamics. Initial estimates suggest Canada and Mexico could face much harsher economic impacts compared to the US, with projections indicating a potential 70% reduction in imports from Canada and Mexico.
Source: YAHOO