Trump, Mexico and tariffs
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Four months since Trump fired the opening salvo of his trade war, only China and Canada have dared to hit back at Washington imposing a minimum 10 per cent global tariff, 50 per cent levies on steel and aluminium, and 25 per cent on autos.
After long insisting that Canada could avoid Trump tariffs through talks, Mark Carney now says that is unlikely for any nation.
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Stocktwits on MSNTrump Tariffs Likely Unavoidable For Canada, Says Prime Minister Mark CarneyCanadian Prime Minister Mark Carney reportedly said on Tuesday that it may not be possible for Canada to avoid U.S. tariffs. “There is not a lot of evidence right, with regards to negotiations, of any country or jurisdiction,
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bne IntelliNews on MSNTrump's tariff threat stalls Mexico’s nearshoring boom and pressures Sheinbaum on crimeBy Alek Buttermann Donald Trump’s decision to slap a 30 percent tariff on Mexican exports that fall outside the US‑Mexico‑Canada Agreement (USMCA) has placed Mexican President Claudia Sheinbaum in a double bind,
Trump threatened to escalate tariffs beyond 35% if Canada opts to retaliate with tariffs on U.S. goods. Canadian goods are also subject to sector-specific tariffs, such as 50% levies on steel and aluminum as well as 25% tariffs on non-USMCA compliant autos and auto parts.
The tariffs are likely to inflame tensions with one of the largest U.S. trading partners.
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Money Talks News on MSNTrump Tariffs Target Major Food Imports From Mexico and CanadaMajor changes are coming to U.S. grocery prices this March. Mexican and Canadian imports face 25% tariffs, affecting fresh produce, meat, and common household items.
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From cattle to crude: How Trump's tariffs are rattling the Lone Star StateFrom cattle to cotton to crude, Texas trade contributed a cool $850 billion to the U.S. economy in 2024, according to the Federal Reserve Bank of Dallas. What's more, Texas, the nation’s top exporter,