· 14m · on MSN
Trump’s tariffs on Canada, Mexico could surge car prices up to $12K: report
Tariffs Explained: What They Mean for You as Canada-Mexico Duties Start Tomorrow
‘No room’ for delay: Trump says 25% tariffs on Mexico, Canada imports to start on Tuesday
Trump has said tariffs are to force the two US neighbours to step up their fight against fentanyl trafficking and stop illegal immigration.
As the clock ticks down toward Tuesday's proposed tariffs on Canada and Mexico, inflation traders prepared for a short-term shock to the annual headline rate from the consumer-price index over the second half of this year.
Trump officials remain on course to hit Canada and Mexico with 25% tariffs on March 4, with a wave of other levies ready to roll.
In the past year, chicken prices have risen as much as 43% while egg prices have increased 27%, according to Mexico's National Union of Poultry Farmers.
St. Louis Fed president Alberto Musalem said Monday that he is closely watching longer-term inflation expectations and downside risks to growth as he argues for maintaining a 'patient approach' to monetary policy.
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