Businesses scramble to contain fallout from Trump’s tariffs on Canada, China and Mexico
- The United States imposed 25% tariffs on goods from Canada and Mexico, affecting businesses across various sectors, including food and materials.
- Economist Kathy Bostjancic estimates that if these tariffs persist for a year, U.S. Economic growth could drop by over 1 percentage point, and inflation could rise by 0.6 percentage points.
- Business owners like Traci Tapani of Wyoming Machine expressed concerns that the tariffs will significantly impact their operations and growth due to higher costs.
- Financial experts advise consumers to prepare for rising prices and review budgets in light of the anticipated economic impact from the tariffs.
305 Articles
305 Articles
Commentary: North America’s tariff wars
On March 9, very different scenes played out in two of North America’s capital cities. In Mexico City, thousands of Mexicans rallied together to celebrate President Claudia Sheinbaum’s success in delaying most of the tariffs threatened by the U.S. Meanwhile, in Ottawa, Mark Carney overwhelming won the race to be Canada’s next prime minister. Both of these events come after U.S. Donald Trump invoked 25% tariffs on all Canadian and Mexican goods, …
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