Summary
Donald Trump will impose new tariffs on Saturday, including 25% on imports from Canada and Mexico and 10% on China, citing fentanyl trafficking as the reason.
The White House provided few details but denied reports of exemptions or delays.
The announcement caused the Dow to drop over 300 points, sparking fears of renewed inflation.
Economists warn the tariffs could disrupt trade and economic stability.
The Federal Reserve is closely monitoring the potential impact on inflation and growth.
You know, I like the way this is going. The last 2 republican disasters that democrats had to dig us out of (the 2007 financial collapse when I entered the workforce, and the 2020 covid pandemic when my kids were entering school) really had long slow dramatic burns which were unpleasant gradual declines. If he makes it bad enough fast enough, the reaction will be nice an swift so we can begin formulating a rebuilding plan earlier, even if that plan has to look like settlement building in fallout 4.