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Trump Plans 25% Tariffs on Mexico, Canada; Increases for China Products

2 days ago

Trump Plans 25% Tariffs on Mexico, Canada; Increases for China Products
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7 Highlights

  • Trump plans 25% tariff on Mexican, Canadian imports over drugs, migrants concerns.
  • Canada's federal and provincial leaders unite against Trump's tariff proposal.
    • Chrystia Freeland urges strong response to Trump's tariff threats.
    • U.S. tariffs may hike prices on Mexican cars, Canadian lumber, and crude oil.
    • Canadian tariffs could disrupt trade, harming both U.S. and Canadian economies.
    • Economists warn U.S. tariffs may worsen inflation and cause global trade issues.
    • Mexico and Canada prepare retaliatory tariff lists in response to U.S. plans.
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