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Donald Trump confirms 25% tariffs on Mexico and Canada will start Tuesday

The president’s comments worsened a market sell-off, adding to fears the health of the US economy could be affected



US markets fell after Donald Trump announced 25% tariffs on all imports from Canada and Mexico starting Tuesday, despite previous suggestions of potential compromises. Trump stated the tariffs aim to incentivize manufacturing relocation to the US. He also confirmed a 20% tariff on Chinese imports starting Tuesday, prompting opposition and vows of countermeasures from China.

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