North America has officially ceased to be a free trade zone as President Trump implemented new tariffs on imports from Mexico and Canada, raising them to 25%. The tariffs, justified by a declared need to combat fentanyl imports, have caused widespread market turmoil, with major stock indices in the U.S. seeing significant losses. Investors, caught off guard by the implementation of the tariffs, face a new era of uncertainty. This decision affects supply chains and inflation, while also drawing criticism from prominent figures like Warren Buffett, who labeled the tariffs as an act of war.
Using fentanyl as a pretext, the United States is imposing tariffs of 25% on imports from these countries, allies and friends, and somewhat lower 20% on products from its great geostrategic rival, China.
Warren Buffett, the most prestigious investor in the United States, referred to the tariffs on Monday as an act of war. Wall Street suffered its worst session of the year.
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