US says will levy tariffs on Mexico, Canada and China on Feb. 1 The Switch: Insects - the low carbon protein for pets - and people?

The tariff man holds a big stick but markets aren’t convinced he’ll use it.  President Donald Trump signed off on reciprocal tariffs on Thursday with a catch: Implementation won’t happen until at least April.

4.8%. That’s how much the U.S.’ weighted average tariff rate would be if Trump implemented the country-level strategy, Deutsche Bank economists led by Justin Weidner estimated in a Monday note. That’s a 3.3 percentage-point increase from the 1.5% effective rate U.S. imports had in 2022, according to the World Bank.

The president said his advisers would devise new tariff levels reflecting countries’ tariffs, taxes, subsidies and other policies affecting trade with the United States.