President Trump has carried through on his campaign promise and levied a 25% tariff on all products from Canada and Mexico – with the exception of a 10% tariff on Canadian oil – and added another 10% on all exports from China. The tariffs are expected to go into full effect Tuesday. Canada has retaliated with a 25% tariff on roughly $100 billion of US goods, with $30 billion to hit immediately and more phased in after a month. China has filed a complaint with the WTO (which may take years to resolve). Markets were selling off late Friday as rumors swirled. Monday will be interesting.
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