Reported about 9 hours ago
President Trump has initiated tariffs on imports from Mexico, Canada, and China, resulting in retaliatory measures from Canada and Mexico, and promises of counter-measures from China. The new tariffs set duties at 10% for Chinese imports and 25% for goods from neighboring countries, with significant impacts anticipated on various consumer goods, particularly in the automotive sector, electronics, and agricultural products. Analysts predict increases in prices for cars and fuel, as well as potential effects on the hospitality and grocery industries, affecting American consumers just ahead of influential events like the Super Bowl.
Source: YAHOO