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Economists have caught the AI bug

Source: ft.com

Trump administration imposes 25% tariffs on imports from Canada and Mexico, plus 10% on China, citing fentanyl and migration crises.
Mexico's president responds with a "tit-for-tat" stance, hinting at retaliatory duties on US goods like corn and fuel.
Markets tumble as S&P 500 drops 1.8%, with auto stocks hit hardest amid fears of disrupted North American supply chains.

Donald Trump kicks off his trade war by slapping tariffs on key partners to force action on drugs and borders. Mexico pushes back hard, threatening its own levies, while investors panic over rising costs and economic fallout. This escalates tensions in a deeply integrated trade bloc, risking higher prices for everyday goods.