volatility. However, even if the courts were to temporarily block these tariffs, there are many other ways the administration can impose sanctions — for example, the USMCA (United States-Mexico-Canada Agreement) gives the US significant leeway to impose tariffs on Mexico.
In conclusion, it seems that the markets have been caught off guard by the swift and aggressive implementation of Trump’s tariffs. Analysts are scrambling to adjust their forecasts and are bracing for potentially significant economic impacts. The uncertainty surrounding legal challenges and the possibility of further sanctions adds another layer of complexity to an already volatile situation. It remains to be seen how this trade war will play out and what the long-term implications will be for the global economy.