FX.co ★ 28.02.2025: Trump setting stage for another Great Depression in US? Outlook for USD, EUR/USD, Brent

It looks like the US will enforce 25% tariffs on Mexican and Canadian imports starting from March 4. In addition, as of the same date, an extra 10% tariff will apply to goods from China. Given that Chinese imports have already been subject to a 10% tariff since February 4, this means the total duty will effectively reach 20%. Europe is also on this black list. The White House will impose 25% tariffs "on cars and everything else."

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