New Straits Times on Nostr: Ducking for cover as Trump launches trade war ========== President Donald Trump ...
Ducking for cover as Trump launches trade war
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President Donald Trump imposes tariffs on imports from Mexico, Canada, and China; 25% duties on Mexico and Canada, 10% on China effective February 2, 2025; US dollar reaches a 22-year high against the Canadian dollar; tariffs affect US$1.3 trillion of goods, over 40% of US imports; analysts warn of potential recession in Canada and Mexico; Deutsche Bank's George Saravelos advises investors to reprice trade war risk premium; inflation in the US expected to rise sharply; market reaction anticipated on February 5, 2025.
#Trump #TradeWar #Tariffs #UsDollar #Inflation #Canada #China #Economy #Markets #Investors
https://www.nst.com.my/business/economy/2025/02/1169729/ducking-cover-trump-launches-trade-war
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President Donald Trump imposes tariffs on imports from Mexico, Canada, and China; 25% duties on Mexico and Canada, 10% on China effective February 2, 2025; US dollar reaches a 22-year high against the Canadian dollar; tariffs affect US$1.3 trillion of goods, over 40% of US imports; analysts warn of potential recession in Canada and Mexico; Deutsche Bank's George Saravelos advises investors to reprice trade war risk premium; inflation in the US expected to rise sharply; market reaction anticipated on February 5, 2025.
#Trump #TradeWar #Tariffs #UsDollar #Inflation #Canada #China #Economy #Markets #Investors
https://www.nst.com.my/business/economy/2025/02/1169729/ducking-cover-trump-launches-trade-war