Reported about 17 hours ago
President Trump has announced significant new tariffs set to take effect in August, imposing a 35% tariff on Canadian goods and 30% on imports from Mexico and the European Union. These measures come amidst failed negotiations and aim to pressure trading partners with blanket tariffs ranging from 15% to 40% on various goods. The European Union is urgently seeking to avert the tariffs while preparing counteractions, as global markets brace for the implications of these trade changes.
Source: YAHOO