Reported about 11 hours ago
President-elect Donald Trump's recent announcement of aggressive tariff plans, including a 25% tariff on imports from Canada and Mexico and a 10% tariff on goods from China, has raised concerns about his outlook towards international partnerships. Analysts suggest these measures indicate that Trump perceives allies as adversaries, potentially jeopardizing trade agreements like the USMCA and impacting the automotive industry. Amid uncertainty, investors remain cautious, but some believe tariffs may not be as detrimental as initially feared.
Source: YAHOO