CandleFocus The trade war is here
2025-02-03
Author: Content Editor
President Trump has issued tariffs on the US's biggest trading partners, causing global markets to plummet. While a deal was made with Mexico to delay the tariffs, levies on Canada and China are still set to begin. The market had previously underestimated the risks of the tariffs, causing a "severe shock." The latest ISM manufacturing index shows growth, but experts warn that tariffs pose a threat to the manufacturing recovery. Manufacturers may face higher prices for raw materials and higher fees from retaliation tariffs.
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