President-elect Donald Trump has warned of imposing a 25% tariff fee on all products entering the US from Canada and Mexico, citing issues of drug trafficking and illegal immigration. The announcement has led to a significant drop in Canadian dollar value.
U.S. president-elect Donald Trump has issued a severe threat against Canada and Mexico , declaring that as one of his first executive orders on his inauguration day, he will impose a 25% tariff fee on all products coming into the United States from these countries. This move was announced via Trump's social media platform Truth Social, where he mentioned the issue of drug trafficking and illegal immigration as factors driving this decision.
The announcement has caused the Canadian dollar to depreciate significantly, reaching a low not seen in years
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