Trump suspended the 25% tariffs he had imposed this week on most goods from Canada and Mexico, Reuters reported on Thursday
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President Donald Trump announced on Tuesday his tariff plans for Canada and Mexico—most imports from both countries are now subject to 25% levies—making the tariffs effective immediately
While it makes for dramatic headlines, Trump’s tariff strategy carries significant risks — higher inflation, job losses, economic uncertainty, and a loss of U.S. credibility on the world stage.