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Wall Street Slips as Trump’s Fed Pick Sends Shockwaves Through Markets

U.S. stocks finished lower after President Donald Trump’s decision to nominate former Federal Reserve governor Kevin Warsh sparked a wave of uncertainty across financial markets. Major indexes pulled back as investors reassessed the potential direction of monetary policy under new leadership. Gold, which had recently surged to unprecedented highs, suffered a sharp reversal. Prices tumbled in one of the steepest single‑day drops in years, while silver also plunged before finding some stability. The sudden downturn reflected a combination of profit‑taking and a stronger U.S. dollar, which gained momentum following the nomination. Warsh’s historically hawkish reputation left traders debating whether interest rates might shift sooner than expected. Even with his recent openness to rate cuts, the mixed signals were enough to rattle markets already sensitive to policy changes. With investors recalibrating their expectations, analysts anticipate continued volatility in the days ahead. Al...
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Trump's Tariffs on Canadian and Mexican Imports Set for March 4

In a significant move that could reshape North American trade dynamics, President Donald Trump has announced that tariffs on Canadian and Mexican imports will go into effect on March 4. This decision comes after months of negotiations and escalating trade tensions between the United States and its neighbors.

The tariffs, which include a 25% duty on steel and aluminum imports from Canada and Mexico, are part of a broader strategy to protect American industries and reduce the trade deficit. The Trump administration argues that these measures are necessary to revitalize the U.S. manufacturing sector, which has been adversely affected by cheaper foreign materials.

Canada and Mexico have been working to avoid these tariffs by enhancing border security and curbing fentanyl trafficking. Despite these efforts, the Trump administration has decided to proceed with the tariffs, citing the need for more substantial progress.

The implementation of these tariffs could have far-reaching consequences for the North American economy. Industries that rely on cross-border supply chains, such as automotive and energy sectors, may face increased costs and disruptions. Critics argue that the tariffs could lead to higher prices for consumers and potential retaliatory measures from Canada and Mexico.

As the March 4 deadline approaches, businesses and policymakers on both sides of the border are bracing for the impact of these tariffs. The move underscores the Trump administration's commitment to using tariffs as a tool for economic policy and trade negotiations.


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