Trump backs down on many Mexican, Canada tariffs, markets still suffer
While most Mexican and Canadian goods will be spared for now, approximately 10 percent of Mexican exports to the U.S. do not fall under USMCA provisions. According to William Jackson, chief emerging markets economist at Capital Economics, this includes certain automobiles and machinery.
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However, financial experts and industry data show that multiple US-based banks have been operating in Canada for years, reported CNN.
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A non-profit organization warns that tariffs could lead to further financial losses and widespread layoffs in the tourism ...
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