Morning Wire
Trade War Escalation & DNC's New Leadership | 2.3.25
Cabot Phillips
For context, China, Mexico and Canada account for about 40% of all imports to the U.S. So the ramifications here will be widespread. White House says the tariffs will remain in place until meaningful progress has been made to curb the flow of drugs and illegal immigrants. They also included a retaliation clause that will increase tariffs if those countries respond with tariffs of their own.
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