Over the weekend, President Trump introduced that he was following via along with his plan for aggressive tariffs. Imports from Canada and Mexico will now be hit with a 25% tariff, whereas China will get a ten% tariff. Though aggressive motion was promised throughout the marketing campaign, the information nonetheless rattled international monetary markets, sending futures tumbling and the greenback spiking. Then, on Monday, Mexican President Claudia Sheinbaum introduced that after a dialogue with Trump, the tariffs aimed toward her nation can be delayed by a month. In the meantime, extra talks with Canada and China are anticipated. So what precisely are the economics of such tariffs? Are they inflationary? Who pays for them? And what are the implications of those ongoing threats? On this episode, we converse with Paul Donovan, chief economist at UBS International Wealth Administration, who solutions all of our questions on the nonetheless growing information and the way issues may play out.
Learn Extra: How Trump’s Tariffs Goal a Wrecking Ball on the Economic system of the Americas (https://bloom.bg/3CDQ63r)
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