The big stick has fallen! The White House announces a 25% tariff on Canada and Mexico
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The White House announced a 25% tariff on Canada and Mexico, and the market reacted quickly, with the Dow Jones Industrial Average falling over 330 points. The White House has not yet released a specific tariff list and emphasized that there will be no large-scale exemptions. Economists are concerned that this policy may drive up prices, especially as inflation has just begun to ease. Federal Reserve officials are closely monitoring the policy's impact and assessing the economic response
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