President Donald Trump’s tariffs on Canada and Mexico have caused panic and condemnation from top trading partners, who fear devastating effects on North America’s economy. The tariffs, imposed to hold the countries accountable for illegal drug and migration flows, have sparked retaliation from Mexico and anticipated retaliation from Canada. Economists predict significant negative impacts on growth, inflation, and supply chains, with widespread job losses expected in all three countries due to the new trade barriers.
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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...
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