💨 Abstract

On Tuesday, the US imposed 25% tariffs on goods from Mexico and Canada, with China retaliating by imposing additional tariffs on US imports from March 10. The Canadian dollar and Mexican peso fell to one-month lows, but a falling US dollar due to weak economic data limited the broader impact. Analysts believe tariffs might be temporary as market participants hope for quick deals.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖