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Trump’s New Tariff Blitz to Hit Avocados, Cars and Bell Peppers​

President Donald Trump’s upcoming 25% tariffs on goods from Canada and Mexico and 10% duties on products from China are set to ricochet through households, raising prices for a wide range of items including vegetables, fruits and cars.

Economists have warned that US-based companies paying more to import products will hike prices to absorb at least some of the extra expenses.

In the worst-case scenario, when shoppers don’t substitute for US-made goods and 100% of the tariffs is passed onto consumers, it could work out to roughly $835 per person, or $3,242 for a family of four, according to ING estimates. The impact wouldn’t be felt immediately, but there will be a squeeze on spending power in the medium to long term, James Knightley, chief international economist at ING, said in note.

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https://www.msn.com/en-us/money/oth...S&cvid=e47e6b4b215a485ab255c87bf554cab7&ei=16
 

Canada, Mexico Want America to Feel the Pain of Tariffs Too​

Canada and Mexico will suffer severe economic blows from the tariffs President Trump announced on Saturday. Their strategy is to make sure Americans feel the pain too.

America’s neighbors to the north and south are much smaller economies, with their combined gross domestic product equaling just one-seventh of the U.S.’s $27 trillion. The tariffs risk pushing the U.S.’s top trade partners into recession, as both nations send 80% of their exports to their bigger partner. The Canadian dollar and the Mexican peso are likely to weaken against the U.S. dollar.

More:

https://www.msn.com/en-us/money/oth...S&cvid=941d9eae7aa844bcb41caefb29845703&ei=12
 

Dow futures drop 500 points after Trump hits Canada, Mexico and China with tariffs: Live updates​

Stock futures tumbled Sunday night to kick off a new trading month as investors weighed new U.S. tariffs on goods from key trade partners and their potential impact on the economy and corporate profits.

Futures tied to the Dow Jones Industrial Average slid 528 points, or 1%. S&P 500 futures dropped 1.9%, while Nasdaq-100 futures lost 2.7%.

President Donald Trump on Saturday slapped a 25% tariff on goods from Mexico and Canada. He also placed a 10% levy on imports from China. The U.S. does about $1.6 trillion in business with the three countries.

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Let's start with assuming I am an idiot.

What do we import from Canada? My feeble mind gives me car parts, assembled cars, grain, and lumber. I must be missing a lot of others.

What do we import from Mexico? Again, I am stupid. Is it cars, car parts, batteries, and avocados? Or am I missing a lot of Leviton electrical parts for new construction? Do we import a lot of Mexican oil? Is PEMCO still a major player? Or what else did I miss that is important? Please inform me, as I am stupid.

Thank you for instructing a faulty mind.
 
What do we import from Canada?

What do we import from Mexico?

 

Dow futures slammed by 575 points after Trump hits Canada, Mexico and China with tariffs: Live updates​

tock futures dropped to kick off a new trading month after President Donald Trump hit several key U.S. trading partners with tariffs, raising fears that a full-blown trade war would disrupt global supply chains, reignite inflation and slow the economy.

Futures tied to the Dow Jones Industrial Average fell 572 points, or 1.3%. S&P 500 futures dropped 1.5%, while Nasdaq-100 futures lost 1.7%. The Cboe Volatility Index, Wall Street’s fear gauge, spiked above 20.

The impact from the new tariffs ricocheted around the globe in a risk-off move:

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North American Trade War Begins​

Market reaction

Stock futures are sliding, the dollar is surging, crypto is tumbling, and oil is on the rise, after President Trump imposed his long-promised tariffs on Mexico, Canada and China. Markets don't like uncertainty, or the retaliation, especially when it's likely to be the first of many such actions under the International Emergency Economic Powers Act. It's also developing some new trading strategies, like one from SA subscriber CatchTheFallingKnife, who recommends playing the "Trump VIX" by "buying the dip and selling the rip" over the next four years.

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