_{FINANCIAL NEWS}

​The Dollar’s Worst Year Since 2008: What It Means for Your Wallet and Future

The U.S. dollar is off to its worst start since 2008, down 4.2%, as concerns grow over Trump’s tariffs and economic policies. Despite the administration’s push for a strong dollar, uncertainty over interest rate cuts, recession risks, and trade tensions has driven the decline.

What It Means for You:

✅ Cheaper U.S. exports, benefiting multinational companies
❌ Higher import costs, leading to possible price increases
⚙️ Potential boost for domestic manufacturing, but infrastructure isn’t ready

If stability returns, the dollar could rebound, easing import costs but making exports pricier. Economic uncertainty remains high. Read More.

_{US NEWS}

Canada Imposes $21B in New U.S. Tariffs Amid Escalating Trade War

Canada announced $21 billion in new tariffs on U.S. goods in response to President Trump’s 25% tariffs on steel and aluminum imports, which took effect Wednesday. The tariffs, following a dollar-for-dollar approach, include 25% duties on $12.6 billion in steel, $3 billion in aluminum, and $14.2 billion in other U.S. imports, such as computers and sports equipment.

Finance Minister Dominic LeBlanc stated that Canada will not stand idly by as its industries are unfairly targeted. The European Commission also retaliated, imposing tariffs on $28 billion worth of U.S. goods starting next month.

Trump’s move aims to protect U.S. steel and aluminum producers, extending duties to downstream products like nuts, bolts, bulldozer blades, and soda cans. While most U.S.-Canada trade remains duty-free under USMCA, Trump continues to criticize Canada’s high dairy tariffs. Trade tensions are escalating, with major global economies responding to U.S. protectionist policies. Read Now.