
TMW News📰📢
January 31, 2025 at 04:51 PM
2️⃣ With less than 24 hours before President *Donald Trump's deadline to impose sweeping tariffs on the three biggest US trading partners* -- Canada, Mexico and China -- the global economy is bracing for impact.
⚠️ Shortly after taking office this month, *Trump said he planned to introduce 25 percent tariffs on neighbors Canada and Mexico on February 1* unless they cracked down on illegal migrants crossing the US border and the flow of deadly fentanyl.
🇺🇸 🇨🇳 He added that he was *eyeing an additional 10 percent duty on Chinese goods* as soon as Saturday as well, similarly over fentanyl.
💲 *Trump also re-upped threats of 100 percent tariffs on BRICS nations* -- a bloc including Brazil, Russia, India, China and South Africa -- if they create a rival to the US dollar.