ALBAWABA- In a significant move, U.S. President Donald Trump has announced that "nobody is out of tariffs," signaling a comprehensive approach to trade policy.
He indicated that discussions with China regarding tariffs are expected to occur within the next 24 hours, following productive talks with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum.
Earlier today, President Trump described his conversation with President Sheinbaum as "very friendly," confirming that both leaders agreed to a one-month tariff freeze.
During this period, negotiations will take place between three U.S. cabinet ministers and senior Mexican officials to address key trade and security concerns.
In a related development, President Trump signed an executive order directing the U.S. Treasury and Commerce Departments to create a sovereign wealth fund.
This fund reflects his ambitious plans to impose tariffs globally, including on close allies such as the European Union and Canada.
The establishment of the fund is intended to manage the revenues generated from these tariffs and invest in strategic economic initiatives.
These actions underscore a major shift in U.S. trade policy, emphasizing the administration's commitment to addressing trade imbalances and protecting domestic industries.
