Trade Tensions Rise with New Tariffs; Fed Maintains Cautious Stance

The Trump administration's new tariffs on Canadian and Mexican imports spark trade tensions, while the latest U.S. jobs report shows slower growth. Federal Reserve Chair Jerome Powell addresses economic uncertainties, signaling a steady interest rate policy amid evolving trade policies. Explore the implications for businesses, consumers, and the global economy in this episode of Simply News.Sources:https://www.whitecase.com/insight-alert/us-tariffs-canada-and-mexico-enter-effect-tariff-china-rises-10-20https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-adjusts-tariffs-on-canada-and-mexico-to-minimize-disruption-to-the-automotive-industry/https://abcnews.go.com/Business/timeline-trump-tariffs-canada-mexico-china/story?id=119506883https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-proceeds-with-tariffs-on-imports-from-canada-and-mexico/https://www.foxbusiness.com/economy/us-jobs-report-february-2025https://www.bls.gov/news.release/archives/empsit_03072025.htmhttps://americanstaffing.net/posts/2025/03/07/jobs-report-statement/https://www.stlouisfed.org/on-the-economy/2025/mar/flash-report-unemployment-flows-point-modestly-softer-labor-market-conditions-februaryhttps://www.businessinsider.com/february-jobs-report-unemployment-rate-employment-federal-reserve-interest-rates-2025-3https://www.youtube.com/watch?v=28mwyJCm9VEhttps://insight.factset.com/u.s.-unemployment-rate-is-projected-to-be-4.0-for-february-2025https://www.rothstaffing.com/february-2025-jobs-report-u-s-economy-added-151000-jobs/https://www.youtube.com/watch?v=Su5LlZpiaT8https://www.youtube.com/watch?v=sBQVhbF1elohttps://abcnews.go.com/Business/wireStory/powell-federal-reserve-stay-hold-amid-widespread-economic-119559968https://www.youtube.com/watch?v=sBQVhbF1elo