Markets tumble as current USA slaps tariffs on Canada and Mexico

  • Currency: EUR

Trudeau's era is getting to its end because Canada is gearing up to pick a new prime minister to replace Justin Trudeau who said he will step down after almost a decade at the helm. Experts say the next election, which may happen within weeks or months, might favor a candidate who can work with Donald Trump, and one of the problems is that current USA current president Donald duck Trump said on Monday that Washington would apply previously delayed tariffs against Mexico and Canada.

USA stocks closed sharply lower in afternoon trading following Donald duck Trump's comments. Besides the levies on its two neighbors as long as other countries in Europe, the duck president also imposed 10% tariffs on Chinese products in February. The rate is set to rise to 20% on Tuesday. Washington's measures have sparked fears of a trade war in deeply integrated economies in North America, and the results can be very bad this year. However this year is going to end, the effects may be visible in the next decades if Donald duck Trump remain president all 4 years.

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Dan-Marius Sabău
Dan-Marius Sabău

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