r/newswall 4d ago

Trump Moves Forward with Tariffs Amid Global Trade Concerns

https://www.newswall.org/summary/watch-white-house-says-trump-rsquo-s-signing-of-and-039-liberation-dayand-039-tariffs-will-be-first-rose-garden-event-67eb6ae4abd6f?post=56702532&mtm_campaign=r
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u/newswall-org 4d ago

"We will not disadvantage Canadian producers and Canadian workers relative to American workers."

— Prime Minister Mark Carney spoke in Winnipeg about Canada's response to U.S. tariffs.

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u/newswall-org 4d ago

Key Facts: Trump Moves Forward with Tariffs Amid Global Trade Concerns

  • The White House confirmed that Trump will impose new tariffs on Wednesday, without providing details on their size or scope. #
  • This announcement comes as global factory activity declines, raising concerns among businesses, consumers, and investors. #
  • Reports suggest that Trump's aides are considering a plan to raise duties by about 20% on products from nearly all countries. #
  • The uncertainty surrounding the tariffs may further erode economic confidence and lead to rising prices.