Trump eased the 25% tariffs on Mexico & Canada today—exempting USMCA-complaint goods for 30 days. That still leaves $500B hit, especially oil, cars & parts, aluminum, baked goods, & more* Aluminum is of particular note since it'll be hit with an additional 25% tariff on March 12 - ThreadSky

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josephpolitano.bsky.social • 71 days ago

Trump eased the 25% tariffs on Mexico & Canada today—exempting USMCA-complaint goods for 30 days. That still leaves $500B hit, especially oil, cars & parts, aluminum, baked goods, & more*

Aluminum is of particular note since it'll be hit with an additional 25% tariff on March 12

Comments

bygonebegotrisk.bsky.social•71 days ago

If there's one think markets love it's chaos.

snitkicker.bsky.social•71 days ago

I think it will take a few months to show on the graphs but soon reductions in trade will be baked-in due to the omnipresent ongoing consumer boycott in Canada of all American products.

🇨🇦 Elbows up

breezerr24.bsky.social•71 days ago

Too late

josephpolitano.bsky.social•71 days ago

*caveat that we don't know precisely how much of the goods currently non-USMCA compliant could "become" compliant quickly by just filling out paperwork that until now served little-to-no benefit because the goods were allowed in tariff-free without USMCA compliance.