Today: February 2, 2025
February 2, 2025
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US tariffs would push a recession economics, S&P points out

In addition, S&P added that, due to adverse effects on the Mexican export sector, for the possible tariffs that would be announced on Saturdaythe average unemployment rate will increase by 2025.

The spokeswoman of the White HouseKaroline Leavitt said Friday that United States 25% tariffs will impose To Canada and Mexico, together with 10% to China, he said on Friday, but declined to say if there will be exemptions.

The tariffs would go into force on Saturday, according to the spokeswoman.

JPMorgan investment bank said Friday that the Mexican weight would suffer a fall close to 12% If the United States imposes on the Latin American country 25% commercial tariffs over the weekendAlthough he stressed that he hoped that such measure was postponed.

In a note, bank analysts said that setting general rates to Mexico “would probably be perceived as a temporary negotiation tactic” of the US president, Donald Trump, “to initiate discussions from a position of strength.”

With Reuters information



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