European Stocks Rise as Markets Await Key U.S. Inflation Data 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K 
Major Tariff Announcement: 25% on Imports from Mexico and Canada
The import from Mexico and Canada has faced a 25% tariff declared by President Donald Trump, set to start on February 1, 2025. They would include a vast array of products which are primarily automobile and agricultural fields since last year, the US imported about $87 billion in vehicles and $46 billion in agricultural products from Mexico. It means the cost will be passed down to the consumers by the retailer. People will pay 25 cents to 75 cents more per gallon of gas due to the tariffs on oil imports from Canada.
Consumer Costs and Economic Impact: What Tariffs Mean for Prices
Economically, the tariffs will shrink U.S. economic output by 0.4% and boost federal taxes by approximately $1.2 trillion during the next decade. The automobile industry relies on lower labor costs in Mexico for building automobiles. This can be costly for the manufacturing process.
Escalating Trade Tensions: Additional Tariffs on Chinese Goods
The other announcement has been a 10% tariff on Chinese imports, again echoing the growing trade tensions. His administration's strategies toward protectionism do seem to bolster American manufacturing but will result in higher prices for consumers and strained international relationships.
Retaliation from Colombia: Tariffs Linked to Immigration Policies
Trump did also implement a 25% tariff on imports coming from Colombia. It continued to worsen to 50% after a week, as the nation refused to let U.S. military flights over its airspace for deportation of undocumented migrants. In retaliation, Colombian President Gustavo Petro grounded U.S. deportation flights and insisted that the migrants be treated humanely. Eventually, however, the two reached an agreement: Colombia agreed to accept deportees without any conditions; in response, Trump decided to temporarily forego the tariffs. This episode reveals the growing tension between the United States with Latin America in the spheres of immigration and trade.
