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Trump says tariffs on Canada and Mexico ‘will go forward’
- President Donald Trump announced that tariffs on Canada and Mexico will begin next month, ending a monthlong suspension.
- The tariffs are set at 25% for most goods from Mexico and 10% for Canadian energy products, aiming to pressure these countries to address illegal immigration and drug smuggling.
- Most economists predict that consumers and manufacturers will bear the costs of the tariffs, impacting economic growth.
- Trump believes the import taxes will generate revenue and create jobs.
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bne.euTrump’s March 4 tariff deadline puts North America on edge
As the deadline looms, financial markets and manufacturing sectors across North America brace for potentially significant economic disruption from President Donald Trump's threatened tariff regime.
·Berlin, Germany
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US tariffs on Canada and Mexico are set to take effect at midnight
US tariffs against Canada and Mexico that were put on hold during a last-minute agreement are set to go into effect at midnight and the universal tariff charged on imports from China will double to 20%. At the beginning of his second term, President Donald Trump threatened to impose 25% tariffs on hundreds of billions of dollars worth of goods in a push to help stem the flow of migrants and fentanyl across the borders. In a Truth Social post on …
·Baltimore, United States
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Coverage Details
Total News Sources265
Leaning Left32Leaning Right32Center68Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 24%
C 52%
R 24%
Factuality
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