President Trump announced plans to impose a 25 percent tariff on products from Canada and Mexico on Feb. 1, while considering levies on most American imports, as he directed federal agencies to review U.S. trade policies by spring. The executive order also included investigations into unfair trade practices, currency manipulation, and technology controls, with a focus on addressing trade deficits and potential national-security-related tariffs. Mr. Trump’s advisers argue that tariffs can benefit U.S. factories and provide leverage in negotiations with foreign countries, despite warnings of potential retaliation from Canada and Mexico if tariffs are imposed.
Full Article
Got $1,000? Here Are 2 Fantastic Stocks to Buy Right Now.
For those looking to invest in the stock market, Nvidia (NVDA) and Taiwan Semiconductor Manufacturing (TSM) are recommended stocks, with a suggested holding period of three to five years to realize potential gains. Both companies are capitalizing on the significant growth in artificial intelligence, with Nvidia's GPUs being crucial for AI models and TSMC producing chips for various competitors. Management forecasts indicate Nvidia's revenue could increase significantly over the next five years, while TSMC anticipates...
Read more