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.
This was the one that made my qanon MIL buy a new phone last week because it finally got through her thick fucking skull what these tariffs were going to do. Enjoy those Mexico- and Canada-produced vehicle parts adding $10k+ to your base price.