Part 2/10:
Trump announced via social media that he intends to unleash a 25% tariff on imports from Canada and Mexico, contingent upon lessening the flow of drugs and immigrants from these countries. Following this announcement, both the Mexican peso and the Canadian dollar experienced notable declines against the US dollar. Furthermore, Trump’s plans for a staggering 60% tariff on China and the possibility of implementing a 200% tax on certain vehicle imports underscore a drastic shift in America’s trade policy landscape.