2025-03-07
51 分钟The Economist. Donald Trump made an announcement that promised to shake up the whole system of global trade.
President Trump signing executive orders imposing a 25% tariff on all goods coming from Mexico and Canada,
with a lower 10% tariff on Canadian energy and a 10% tariff on goods from China.
Markets around the world reacted as you might expect.
The tariff teardown is there.
This is the market reaction.
Futures set for a battering here in Europe, pointing lower by 2.4%.
The big question at the time was...
Mr. President, is there anything China,
Canada and Mexico can do tonight to forestall your implementation of tariffs tomorrow?
No, nothing.
Not right now, no. Not a negotiating tool?
No, it's not.
Except some evening phone calls and a promise of 20,000 border troops later.
Tonight, major tariffs against Mexico and Canada have been put on hold for one month.
Which brings us to this week.
U.S.
President Donald Trump said on Thursday that his proposed 25% tariffs on Mexican and Canadian goods will go into effect on March 4th as scheduled.
So what they have to do is build their car plants, frankly,
and other things in the United States, in which case they have no tariffs.