Reported about 6 hours ago
President-elect Donald Trump's plan to implement a 25% tariff on imports from Mexico and Canada could severely disrupt cross-border rail traffic, which is crucial for North American railroads' growth. In a recent announcement, Trump vowed to sign an executive order on his inauguration day, further adding a 10% tariff on Chinese goods. The Canadian Pacific Kansas City railway, which connects the U.S., Mexico, and Canada, is particularly at risk, as a significant portion of its revenue comes from cross-border trade. Experts warn that these tariffs could ignite a trade war, potentially harming U.S. agriculture and the automotive supply chain.
Source: YAHOO