November 25, 2024
CNN: Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1
“The measures proposed this evening could hit a number of strategic US industrial sectors hard, add approximately $272 billion a year to tax burdens, raise goods prices, lift interest rates, and sap strength in an already-vulnerable household sector,” said Karl Schamotta, chief market strategist at Corpay.