by SilverWars, Silver Seek:
Over the weekend, President Trump enacted a national emergency to impose tariffs against Mexico, Canada, and China. These tariffs apply a 25% tax on consumer-ready goods from Canada and Mexico, but as of Monday (2/3/2025), these tariffs were delayed for one month while the Chinese 10% tariff remains active.
The War on Drugs which justified the national emergency is one that never ends, so these tariffs will likely go forward, but with less abrupt impact on the economy as was tested by fears and uncertainty leading up to the announcement. The hysteria even drove traders to take risky bets by transporting gold and silver to the US by plane on Friday (1/31/25).