After the 25% tariffs on goods from Canada and Mexico were halted for 30 days, the 10% tariff on Chinese goods took effect at midnight. Shortly after, China announced 10-15% counter tariffs on some U.S. products that are set to take effect on Feb. 10.
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The recent surge in oil and gas prices has driven up inflation expectations, causing markets to adjust their bets on Federal Reserve rate cuts, with traders now pricing in a near 40% chance of no rate...
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