Wall Street Breakfast Trump mulls tariffs on neighbors
Jan 21, 2025
President Trump's proposed 25% tariffs on Mexico and Canada could shake up trade relations significantly. Meanwhile, Belgium launches an investigation into Apple for alleged use of conflict minerals in the DRC. Labor tensions rise as Costco union workers show overwhelming support for a potential strike. The podcast also dives into market trends, particularly the notable stock movements spurred by these developments. Get ready for a rollercoaster ride of economic impacts!
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Trump's Tariff Threat
- Trump threatens tariffs on Mexico and Canada, impacting major U.S. trading partners.
- These tariffs could affect $475B in imports from Mexico and $418B from Canada.
Apple's Conflict Minerals
- Belgium investigates Apple's alleged use of conflict minerals from the Democratic Republic of Congo.
- The DRC claims Apple's use of these minerals fuels violence and forced child labor.
Costco Strike Looms
- Costco workers voted to authorize a strike if a new contract isn't reached by January 31st.
- The Teamsters Union demands an "historic industry-leading agreement."