Canadian officials are stepping up border security "in a visible and muscular way" following Prime Minister Justin Trudeau's meeting with President-elect Trump, a top Liberal government minister who attended the talks said Sunday.
Why it matters: Trump has threatened to impose tariffs on Canada and other countries over his concerns about the number of migrants and drugs coming into the U.S.
His announcement of a25% tariff on all imports from Canada and Mexico sent a shiver through markets last week.
Republicans painted the threat as Trump exercising leverage in negotiations with foreign officials. But Democrats and some experts warn of tariff-induced price hikes, retaliatory measures and inflation should the proposal become reality.
Fidelity mutual funds marked up the value of their X Holdings shares by 32.37% in October, the largest monthly increase since helping Elon Musk buy the company in 2022.
The big picture: Even with the valuation boost, Fidelity believes X is worth nearly 72% less than the $44 billion purchase price.
Investor Marc Andreessen set off a firestorm this past week when he said dozens of tech executives were quietly "debanked" during the Biden administration, highlighting an obscure but politically fraught practice.
Why it matters: Having your access to the banking system revoked is a significant but not necessarily unusual penalty — one that nonetheless has aggravated a conservative base prone to suspicion of government overreach.
President-elect Trump made instituting sweeping tariffs one of the cornerstone pledges of his 2024 campaign, a move experts warn could lead to price hikes for many everyday goods.
President-elect Trump on Saturday threatened to impose 100% tariffs against emerging markets that try to shift away from the U.S. dollar in international trade.
Why it matters: The threat against the BRICS nations (primarily Brazil, Russia, India, China and South Africa) is the latest escalation in Trump's campaign to use the specter of tariffs to achieve policy goals.
