💨 Abstract

President Donald Trump is expected to sign an order imposing tariffs of 25% on goods from Mexico and Canada, and 10% on imports from China, potentially disrupting over $2.1 trillion in annual trade. Trump set a Feb. 1 deadline to pressure these countries to halt the flow of fentanyl and illegal immigration. Automakers and other industries could be hit hard by higher costs, and retaliatory tariffs are expected.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖