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Trump's Tariff Shake-Up: Global Trade Faces New Challenges

On April 2, 2025, U.S. President Donald Trump announced sweeping 10% tariffs on imports from all trading partners, marking a significant escalation in global trade tensions. These tariffs, described as "baseline," aim to address what Trump perceives as unfair trade practices and chronic trade deficits. While the announcement has sent ripples across international markets, the specific impact on Canada remains uncertain. Canada, a close trading partner of the U.S., has previously faced tariffs on steel, aluminum, and energy imports under Trump's administration. The new measures could further strain bilateral relations and affect key Canadian industries. Prime Minister Mark Carney is reportedly preparing Canada's response, as the trade war becomes a central issue in the upcoming federal election. Trump's move has sparked debates among economists and policymakers, with critics warning of potential economic fallout and supporters praising the tariffs as a step toward ...
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Debt Consolidation


Debt consolidation is a process of combining multiple debts into one loan with a lower interest rate. This can help you save money on interest charges and pay off your debt faster. Here are some ways to consolidate your debt:

  • Personal loan: You can take out a personal loan from a bank or credit union to pay off your debts. Personal loans typically have lower interest rates than credit cards, so you can save money on interest charges.

  • Home equity loan: If you own a home, you can take out a home equity loan to pay off your debts. Home equity loans typically have lower interest rates than credit cards and personal loans, but you are putting your home at risk if you can’t make the payments.

  • Balance transfer credit card: You can transfer your high-interest credit card balances to a balance transfer credit card with a lower interest rate. Balance transfer credit cards typically offer a 0% interest rate for a limited time, so you can save money on interest charges.

Before consolidating your debt, make sure to compare interest rates and fees to find the best option for you. Also, make sure to create a budget and stick to it to avoid accumulating more debt in the future.


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