Reported about 9 hours ago
President Trump has officially signed new tariffs of 25% on imports from Canada and Mexico, and 10% on China, aiming to revamp U.S. trade policies. The move, sparked by concerns over fentanyl and illegal migration, has led to mixed reactions from global markets and significant backlash from Canada and China, with Canada preparing counter-tariffs worth CAD $155 billion. While Trump suggests these tariffs could entail 'some pain' for Americans, he believes the long-term benefits will outweigh the costs.
Source: YAHOO