Reported about 9 hours ago
In a significant escalation of trade tensions, President Donald Trump is moving forward with new tariffs on Canada, Mexico, and China, set to begin shortly. These measures could surpass the economic impact of tariffs from Trump's first term, imposing 25% duties on imports from Canada and Mexico, and increasing tariffs on Chinese goods to 20%. Analysts predict this could lead to a $130 billion annual tax increase on American households amid growing market uncertainty and potential retaliatory actions from the affected countries.
Source: YAHOO