Tariffs on Mexico and Canada begin on February 1, or do they? Whether President Trump is merely posturing or not, the threat is real and the situation globally they would be starting from makes for a difficult mix. That's why the dollar is rising, rates are falling, and real economy variables are already experiencing significant pressure.

Eurodollar University's Money & Macro Analysis

Bloomberg Trump Plans to Impose 25% Tariffs on Mexico, Canada by Feb. 1
https://www.bloomberg.com/news/articles/2025-01-21/trump-plans-to-enact-25-tariffs-on-mexico-canada-by-feb-1

WSJ The Big Risk of a Trade War: Inflation
https://www.wsj.com/articles/the-big-risk-of-a-trade-war-inflation-1522926022

Bloomberg Why the Freight Market Is Stuck
https://www.bloomberg.com/opinion/articles/2025-01-17/j-b-hunt-warning-shows-freight-is-stuck-in-place

Rueters Canadian dollar posts biggest decline among G10 currencies
https://www.reuters.com/markets/currencies/canadian-dollar-posts-biggest-decline-among-g10-currencies-2025-01-16/

Bloomberg Trump’s Pledge to Slap 25% Tariffs on Mexico Sinks Peso
https://www.bloomberg.com/news/articles/2025-01-21/trump-s-pledge-to-slap-25-tariffs-on-mexico-sinks-peso

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