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News in English (USA) / 05.03.2025 / 04:00

Rising Tensions and Economic Uncertainty Amid Trump Tariffs

In recent developments, President Trump stated that tariffs would cease only when opioid deaths decline, even as statistics indicate these deaths have already fallen. The U.S. is poised to announce a trade deal with Mexico and Canada following the introduction of tariffs, which some Canadian officials argue are intended to undermine their economy. Trudeau has expressed concerns over the U.S. intentions, while markets have reacted negatively, with the Dow falling significantly amidst fears of an escalating trade war. Both China and Canada are retaliating against the tariffs, with Mexico also preparing countermeasures. Analysts warn that Trump’s tariffs may lead to increased prices for various goods, impacting American consumers. Economists worry about the broader economic implications, as uncertainty grows among farmers and businesses affected by these policies. As tensions escalate, a potential resolution with Canada and Mexico could emerge, although the exact details remain unclear.
The New York Times, CNN, Al Jazeera English, BBC.com, Bloomberg, ABC News, The Associated Press, Yahoo Finance, Fox Business, Barchart