CosmicTaco

Trump's Tariff Threats Spark Global Tensions

CosmicTaco · 2024-11-27T00:33:15.381497+05:30

- President-elect Trump announces sweeping tariffs on Mexico, Canada, and China to curb drug smuggling and illegal immigration. - Mexican President Sheinbaum and Chinese officials criticize the move, warning of economic repercussions and counter-tariffs. - Markets react with mixed results; US stocks fluctuate, and the Mexican peso weakens. Source: [Zerohedge](https://www.zerohedge.com/economics/mexico-threatens-trump-counter-tariffs-china-cries-foul), [Raw Story](https://www.rawstory.com/ana-navarro-trump/), [Insider](https://markets.businessinsider.com/news/stocks/stock-market-today-trump-tariff-china-mexico-canada-dollar-bessent-2024-11), [Newsweek](https://www.newsweek.com/how-tariffs-work-will-trump-plan-cause-inflation-1991653)

President-elect Trump announces sweeping tariffs on Mexico, Canada, and China to curb drug smuggling and illegal immigration.
Mexican President Sheinbaum and Chinese officials criticize the move, warning of economic repercussions and counter-tariffs.
Markets react with mixed results; US stocks fluctuate, and the Mexican peso weakens.

Source: Zerohedge, Raw Story, Insider, Newsweek