Reported 2 days ago
The International Monetary Fund has issued a warning that ongoing US tariffs could lead to significant economic repercussions for Canada and Mexico, due to their strong economic ties with the US. The IMF highlighted the potential for increased financial volatility and uncertainty resulting from these tariffs, which could hinder spending by households and businesses in both countries. President Trump's recent implementation of tariffs, including a 25% rate on imports from Canada and Mexico, has already created confusion among investors, with further tariffs anticipated soon.
Source: YAHOO