Market
What will be the impact on U.S. stock indices after tariff announcements by February 15, 2025?
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Resolution / Starting Odds
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Performance data from major U.S. stock indices like S&P 500, Dow Jones, and NASDAQ
Story
Trump Considers 10% Tariff on China Imports Over Fentanyl, 25% on Mexico, Canada Starting February 1
Jan 22, 2025, 12:14 AM
U.S. President Donald Trump has announced that his administration is considering imposing a 10% tariff on imports from China, effective as early as February 1, due to the fentanyl issue. This decision is based on Trump's assertion that China is sending fentanyl to Mexico and Canada, which he claims is a significant issue for the United States. Trump has also indicated plans to impose a 25% tariff on Mexico and Canada starting on the same date, citing concerns over migration and drug trafficking. During his campaign, Trump had threatened tariffs as high as 60% on Chinese goods, but the current proposal marks a lower rate. The president's comments were made during a press conference at the White House, where he also discussed other trade-related issues with reporters.
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