Global markets brace for turmoil after Trump's new tariffs announcement.

Trump imposes large tariffs against Canada, Mexico, and China

U.S. President Donald Trump has decided to impose significant tariffs on imported goods from Canada, Mexico, and China, leading to heightened tensions in global markets. The largest trading partners of the U.S. – Mexico and Canada – promise to take appropriate measures. China, for its part, has announced 'countermeasures.' This decision could significantly reduce profits for American companies and lead to rising inflation. Furthermore, it may impact forecasts regarding interest rate cuts in the U.S., as well as affect the exchange rate of the Canadian dollar and the Chinese yuan. Experts anticipate active movements in the currency market, particularly in the Canadian, Mexican, and Chinese sectors. Even now, the Canadian dollar has lost value and is assessed at 1.459 per dollar. The Mexican peso is also expected to fall, as its exchange rate has already dropped to 20.6 per dollar. Investors expect a sell-off of stocks and other risky assets during the next market opening.