Morning Wire
Trade War Escalation & DNC's New Leadership | 2.3.25
Cabot Phillips
Starting Tuesday, all goods coming from Canada and Mexico will be subject to a 25% tariff with no exceptions, while China will face an additional 10% tariff on top of those already in place. Trump is also eliminating a loophole that had allowed duty-free shipments for products worth less than $800. The White House says that loophole was being used to smuggle in drugs and other illicit material.
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