· 9m · on MSN
Trump Says 25% Tariffs on Canada, Mexico to Go Ahead
Tariffs Explained: What They Mean for You as Canada-Mexico Duties Start Tomorrow
Trump’s tariffs on Canada, Mexico could surge car prices up to $12K: report
The president’s planned 25% tariffs on Canada and Mexico could further hike already-high new vehicle prices in the US.
As the clock ticks down toward Tuesday's proposed tariffs on Canada and Mexico, inflation traders prepared for a short-term shock to the annual headline rate from the consumer-price index over the second half of this year.
Trump officials remain on course to hit Canada and Mexico with 25% tariffs on March 4, with a wave of other levies ready to roll.
In the past year, chicken prices have risen as much as 43% while egg prices have increased 27%, according to Mexico's National Union of Poultry Farmers.
St. Louis Fed president Alberto Musalem said Monday that he is closely watching longer-term inflation expectations and downside risks to growth as he argues for maintaining a 'patient approach' to monetary policy.
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