Donald Trump's Trade War Begins on 1st February 2025

21st January 2025

resident Donald Trump has announced that the U.S. will impose 25% tariffs on imports from Canada and Mexico starting on 1st February 2025.

The announcement has already had significant impacts on financial markets, with the Canadian dollar and Mexican peso being particularly hard hit. Additionally, there are concerns that this move could lead to retaliatory tariffs from both Canada and Mexico, potentially escalating into a trade conflict