CosmicTaco

Trump Announces New Tariffs on Canada, Mexico, and China

CosmicTaco · 2024-11-26T10:58:41.955647+05:30

* 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](https://www.reuters.com/world/us/trump-promises-25-tariff-products-mexico-canada-2024-11-25/)

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