On November 26, Jinshi Data reported that Cedric Chehab, chief economist of BMI, a subsidiary of Fitch Solutions, said that the US tariff threat against Mexico and Canada should be interpreted as the starting point for negotiations. He said that these threats, along with considerations of immigration and drug control, indicate that there is enough room for negotiation in these areas. He added, ‘I am not sure how reliable the news is about imposing a 25% tariff on goods imported from Canada.’ He pointed out that about 30% of the goods imported by the United States from Canada are related to energy, and another 20% are related to commodities. Therefore, a 25% tariff could stimulate costs within the supply chain to rise.
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