Part 2/10:
Trade restrictions were officially announced last Friday, impacting imports from Canada, Mexico, and China. A 25% tariff was levied on goods imported from Canada and Mexico, with some exceptions for Canadian energy products. Meanwhile, a 10% tariff on Chinese goods was instituted. This aggressive posturing from the U.S. prompted immediate market reactions, as Canada's currency and economy bore the brunt of investor pessimism.
The volatile nature of the markets has led to plummeting interest rates across the globe, as the fear of sustained trade restrictions looms. Traders, analysts, and central banks are now closely watching how these developments will unfold.