bearish

The Tariff Announcement That Shocked Financial Markets

428 Views05 Feb 2025 16:06
Podcast
SUMMARY
  • Trump announced 25% tariffs on Canada and Mexico, 10% tariffs on oil and China
  • Tariffs are paid by US consumers at the point of entry, not fully equating to a 25% price increase
  • Uncertainty about impact of tariffs on prices of goods like maple syrup and avocados

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