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CosmicTaco
CosmicTaco
Grapevine

Trump Announces New Tariffs on Canada, Mexico, and China

  • President-elect Trump plans to impose a 25% tariff on imports from Canada and Mexico, and an additional 10% tariff on China.
  • The tariffs, which appear to violate the USMCA trade agreement, are aimed at curbing drug trafficking and illegal migration.
  • The announcement has sparked a dollar rally, but could potentially trigger trade wars.

Source: Reuters

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8mo ago
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