Donald Trump’s 25% Tariffs on Canada and Mexico Take Effect

“Nothing ever happens.”

This was actually a popular meme last year.

The country felt like it was comatose during the Biden presidency even with the wars raging in Gaza, Lebanon and Ukraine. The wars are winding down now, but it feels like we are speeding up.

USA Today:

“Canada and China swiftly announced retaliatory tariffs against the U.S. on Tuesday, shortly after long-threatened levies by the Trump administration on those countries and Mexico took effect.

President Donald Trump’s new 25% tariffs on imports from Mexico and Canada were imposed at 12:01 a.m. ET, along with a doubling of duties on some Chinese goods to 20%.

Trump’s moves effectively launched new trade conflicts with the United States’ top three trading partners and threatened to upend two-way annual trade worth nearly $2.2 trillion in 2024, according to data from the Office of the U.S. Trade Representative. The tit-for-tat tariffs have rattled global markets. …”

So many things are happening now that no one is able to keep up!

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