Global Trade
February 28, 2025
Week in Review: Market shifts and high stakes moves
Written by Gabriella Vagnini
Tariffs and trade
- Trump confirmed 25% tariffs on Canada & Mexico, additional 10% on China, effective March 4.
- March 12: Section 232 tariffs still in play.
- April 1: Possible reciprocal tariffs from trading partners.
- Ford CEO: 25% tariff on Canada/Mexico would “blow a hole” in the U.S. auto industry (DFP).
- If Canada tariffs stack (25%+25%), Midwest premiums could spike 70% per pound.
- Importers rushing shipments ahead of tariffs to avoid extra costs.
