Mohammed Elian Flags Market’s Trump tariffs in Canada triggered currency fluctuations-Larry Summ warning trade collapse
U.S. tariffs levied by the president Donald Trump The imports of Canada, Mexico and China are stunned and stimulated the keen response of economists. These measures include 25 % tariffs on most Canadian and Mexican products and 10 % tariffs on China’s imports. They have increased concerns about the interruption of supply chain and the cost of American companies and consumers.
what happenedThe Mohamed El-Elian (Mohamed El-Elian)Chief Economic Consultant AndlianIt emphasizes the market response on the social media platform X. “Canada’s 30-day” pause “and currency retreat are the same,” El-Erian wrote on Monday.
With the support of currency charts, his analysis shows that the transaction price of Canada’s US dollar is 1.4421, which is a slight decline in the decline in the previous level after the fluctuations rose to 1.4791 on Monday. The obvious peak of the chart and the subsequent correction indicate that the market activities in news related to tariffs have increased.
El-Erian’s comments expanded to Mexico peso. Before retreating to 20.6045 within three days, the Mexican peso violently emerged to 21.2879. In the temporary suspension of tariffs, rapid fluctuations were observed on the chart.
After the phone between Trump and the President of Mexico, he paused Claudia SheinbaumHe confirmed that Mexico will deploy 10,000 National Guard forces with a wider security and trade agreement.
Former Finance Minister Larry Samer Point out the importance of Canada as a trading partner. “Canada is our friend. Canada is an important market for American products. Canada is a key co -manufacturer for American car companies, enabling North America to compete with Asia and Europe.” He wrote and directly challenged tariff methods.
economist Justin Wolfers Emphasized the position of members of the former National Economic Commission Brendan Duke (Brendan Duke) Use the metaphor of “sex and city” to analyze trade tensions.
The Wolt believes that the transaction diplomacy makes the economic partner alienate and responds to Duke’s point of view: “The main achievement of Trump’s false war war is that even after the USMCA renewal, no business can make huge capital investments, even if It is a priceless North American trade. “
Please refer to: Benister freezes the work of the Consumer Financial Protection Bureau.
Why is it important: The US Chamber of Commerce and Financial Experts warned that these measures may trigger the price of daily necessities from automotive parts to building materials. Since one -third of our imports come from these countries, all the influence on automobiles and consumer electronics departments are still uncertain.
Under the supervision of officials, including US Secretary of State, investors and market analysts will closely monitor the development of development Marco Rubio Minister of Finance Scott betEssence
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