Tariffs Appear on the Way This Weekend
Plus, no surprises from this morning's inflation reading January 31, 2025 Trump tariffs kick in tomorrow … is oil on the list? … inflation comes in as expected, but still high … Bitcoin’s next move … where Eric Fry is investing now It appears that new Trump-tariffs are a go. From the BBC : US President Donald Trump has said he will follow through with his threat to hit imports from Canada and Mexico with 25% border taxes, known as tariffs, on 1 February. Trump has told reporters that the decision is intended to force Canada and Mexico to stem the flow of undocumented migrants and fentanyl coming across U.S. borders. Meanwhile, China is expected to be hit with a 10% tariff tomorrow, with potentially more and higher levies on the way. The wildcard issue is whether Trump will include oil on his tariff l...