Reported about 8 hours ago
President-elect Donald Trump recently announced plans for new tariffs on imports from China, Mexico, and Canada, causing significant market turmoil. He proposed a 10% tax on Chinese goods and a 25% tax on products from Mexico and Canada, linking these measures to issues of drug trafficking and illegal immigration. The announcement led to declines in the Canadian dollar and the Mexican peso while also stirring concerns among business leaders about the potential impacts on trade and inflation, as well as igniting tensions reminiscent of his first term's trade policies.
Source: YAHOO