President Donald Trump's tariff proposal includes steep measures across multiple trading partners: 25% tariffs on Canada and Mexico alongside 10% tariffs on China (a softened stance compared to Trump's previous rhetoric) and Canadian energy.
On Monday, Mexico's President Claudia Sheinbaum announced the tariffs on imports from the country have been delayed until March 1 amid ongoing negotiations with the Trump administration.
Wealth host Brad Smith examines the implications of Trump's proposed tariff strategy, breaking down the fundamental concept of tariffs and the potential impact of these measures on the US economy, American consumers, and trading partners.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
This post was written by Angel Smith and updated by Luke Carberry Mogan.
