U.S. slaps Canada & Mexico with tariffs starting next week
Squawk Box Europe Express · CNBC International
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Show Notes
President Trump has promised to launch sweeping tariffs on neighbours Canada and Mexico starting next week. JPMorgan boss Jaimie Dimon tells CNBC that most U.S. businesses will largely be unaffected. The U.S. 2- and 10-year Treasuries fall to their lowest point this year so far ahead of Friday’s PCE print. Markets remain jittery about stubborn inflation. In Germany, Chancellor-in-waiting Friedrich Merz considers tweaking the country’s debt rules as he seeks to form a coalition government. We speak to top union negotiator for IG Metall and Volkswagen, Thorsten Groger, who says a centrist coalition is vital to safeguard jobs. Tesla sees new car registrations slump by more than 50 per cent in Europe, this despite January showing an uptick for the EV sector.
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