President Donald Trump plans to introduce aggressive tariffs on the United States’ major trading partners, including Mexico, Canada, and China. These measures are part of a strategy to address issues of immigration and drug trafficking. The market responded with a drop in the S&P 500 index by 0.5% and the Dow Jones by 0.8%. The White House confirmed that the tariffs will be publicly announced on Saturday, and no exemptions are planned. Trump is using tariffs as a negotiating tool for foreign policy changes.
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