Tag #Tariffs

apnews.com
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Fentanyl Crisis: Mexico, Canada, and China's Roles

Mexico's cartels are the primary source of fentanyl entering the U.S., smuggling it across the border despite increased seizures. Canada plays a much smaller role, while China supplies precursor chemicals. President Trump's tariff threats led to Mexico deploying 10,000 troops to the border.

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44% Bias Score

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theglobeandmail.com
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Kentucky Bourbon Faces Economic Crisis Amidst New Trade War

President Trump's new tariffs on Canada and Mexico triggered retaliatory tariffs on American whiskey, including Kentucky bourbon, which produces 95% of the global supply and contributes $9 billion annually to Kentucky's economy, potentially causing significant job losses and economic disruption.

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40% Bias Score

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theglobeandmail.com
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Trump Tariffs Dampen Investor Optimism

President Trump's announcement of 25% tariffs on Canadian and Mexican goods and 10% on Chinese goods, partially suspended for Mexico, has cast a shadow over the widespread investor optimism surrounding his economic agenda, despite a generally positive sentiment at a recent Miami investor conference.

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52% Bias Score

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cincodias.elpais.com
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Trump's Tariffs Trigger Market Volatility and Shift to Bonds

Trump's new economic policies, including tariffs on Canada, Mexico, and China, have caused market volatility, with investors shifting from stocks to bonds as concerns about inflation and slower growth increase. The US 2-year Treasury yield is around 4.23%, while the 10-year yield is around 4.5%.

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52% Bias Score

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forbes.com
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Trump Tariffs: Increased Costs and Retaliation

President Trump's 25% tariffs on Canadian and Chinese goods, and a planned 25% tariff on Mexican goods (delayed pending negotiations), aim to boost domestic manufacturing but will likely increase consumer prices by 45% due to markups, harm U.S. businesses reliant on imported goods, and trigger retal...

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56% Bias Score

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zeit.de
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Trump Increases Tariffs on Mexico, Canada, and China

President Trump raised tariffs on imports from Mexico (25%, except 10% on energy), Canada (25%), and China (an additional 10%), potentially causing significant economic repercussions for all involved nations, disrupting the USMCA trade agreement, and increasing global trade tensions.

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40% Bias Score

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theglobeandmail.com
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U.S. Tariffs Threaten \$26 Billion in Atlantic Canada Exports

President Trump's new tariffs threaten Atlantic Canada's \$26 billion in exports to the U.S., jeopardizing key industries like seafood (\$761 million in crab exports in 2022 from Newfoundland and Labrador alone) and energy (\$10.2 billion in annual energy imports to New England).

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52% Bias Score

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theglobeandmail.com
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Poilievre Proposes Military Border Deployment to Avert US Tariffs

Conservative leader Pierre Poilievre proposed deploying Canadian soldiers and adding 2,000 border agents to strengthen border security, aiming to prevent US tariffs and combat illegal crossings and goods, following President Trump's recent tariff announcement.

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48% Bias Score

Peace, Justice, and Strong Institutions
dw.com
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Mexico to Deploy 10,000 Troops to Border, U.S. Pauses Tariffs for One Month

Mexican President Claudia Sheinbaum announced on February 3, 2025, that Mexico will deploy 10,000 National Guard troops to its northern border to stop drug trafficking to the U.S., following a phone call with U.S. President Donald Trump, who agreed to a one-month pause on recently announced 25 perce...

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36% Bias Score

Peace, Justice, and Strong Institutions
forbes.com
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Tesla Stock Plummets, Costing Musk Over $20 Billion Amid New Tariffs

On Monday, Tesla's stock plummeted due to new tariffs, causing Elon Musk's net worth to decrease by over $20 billion; Tesla's heavy reliance on global supply chains, including China (which accounted for over 21% of its 2024 revenue), exacerbated the impact.

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56% Bias Score

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forbes.com
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U.S. Manufacturing and Material Handling Show Strong January Growth

January 2025 saw the ISM manufacturing index rise to 50.9, its highest since September 2022, while the MHI BAI showed expansion across most categories, indicating strong growth in U.S. manufacturing and material handling, despite some weaknesses; however, tariff risks remain a concern.

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44% Bias Score

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cnbc.com
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Trump Imposes Tariffs on Mexico, Canada, and China

President Trump imposed 25% tariffs on imports from Mexico and Canada and 10% tariffs on Chinese goods, including Canadian energy, impacting roughly \$1.6 trillion in annual US trade; the tariffs aim to pressure these countries on immigration and drug issues, despite economists' concerns about infla...

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44% Bias Score

Reduced Inequality