Reported about 16 hours ago
In a bid to reshape U.S. trade policy, President Donald Trump has threatened to impose hefty tariffs of 25% on imports from Canada, Mexico, and the EU. While the new deadline for tariffs against Canada and Mexico is set for March 4, Trump indicated possible implementation in April. The escalating trade tensions, coupled with measures against China, are raising inflation fears and could influence Federal Reserve interest rate decisions. Trump's administration is also exploring tariffs on other sectors, including automobiles and copper, heightening uncertainty among consumers and businesses.
Source: YAHOO