Trump's latest trade proposals have sent ripples through the global economy, surprising markets and raising concerns about emerging tensions between the U.S. and its closest neighbors.
The 25% tariff on Canadian and Mexican goods comes after Trump has repeatedly talked about targeting China, marking a significant and sudden shift in U.S. trade policy.
Mexico exported $475 billion worth of goods to the US in 2023, highlighting the deep economic ties that may be strained by Trump's new tariff strategies.
While the US stock market remained stable, Mexican and Canadian markets reacted more negatively, indicating fears about the potential long-term impacts of the proposed tariffs.
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