Reported about 6 hours ago
U.S. President Donald Trump has reignited threats of imposing 25% tariffs on Canada and Mexico, set to take effect shortly after March 4, following a previous delay. This comes as he also announced plans for significant duties on steel, aluminum, and auto imports, aiming to reshape trade policy and generate revenue ahead of a new tax and spending bill. The escalating tariffs could significantly impact inflation and influence Federal Reserve interest rates, raising concerns among consumers and businesses.
Source: YAHOO