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Trump's tariff threats on Canada raise inflation concerns for US consumers

President-elect Donald Trump's proposed 25% tariffs on Canadian and Mexican imports could significantly impact U.S. refiners, consumers, and Canadian producers, potentially leading to higher fuel prices and revenue losses. Experts express skepticism about the implementation of these tariffs, citing inflation concerns and the need to maintain energy costs ahead of the midterm elections. Canadian officials are urging immediate resolution of border issues to prevent unnecessary tariffs on exports.
CNBC
United States Dollar Canadian Dollar Mexican Peso The Goldman Sachs Group, Inc. Macquarie Capital Citigroup Inc. USA CAN MEX Viktor Shvets Lisa Baiton Donald Trump Eric Lee Daan Struyven Danielle Smith Show more
Finance & Economy, Market Report
10:12 27.11.2024
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