🔹 Trump Imposes New Tariffs, Raising Trade Tensions
Starting February 1, imports from Canada and Mexico will face a 25% tariff, while Chinese products will be taxed at 10%. Trump justifies the move as a response to illegal immigration and fentanyl trafficking, declaring a national emergency. The decision could fuel inflation in the U.S. and trigger trade retaliation.
👀 Eyes on Payroll
Friday’s (02/07) Payroll data could impact the Fed’s interest rate decision on 03/19. The market currently expects rates to stay at 4.50%, but a surprise result could change the game.
#Markets #USA #Economy
Starting February 1, imports from Canada and Mexico will face a 25% tariff, while Chinese products will be taxed at 10%. Trump justifies the move as a response to illegal immigration and fentanyl trafficking, declaring a national emergency. The decision could fuel inflation in the U.S. and trigger trade retaliation.
👀 Eyes on Payroll
Friday’s (02/07) Payroll data could impact the Fed’s interest rate decision on 03/19. The market currently expects rates to stay at 4.50%, but a surprise result could change the game.
#Markets #USA #Economy