Remember how the world breathed a sigh of relief on Inauguration Day, because President Trump did not mention tariffs at all in his speech? That relief did not last: while signing Executive Orders in the Oval Office, a reporter asked about tariffs. “We are thinking in terms of 25% on Mexico and Canada… I think February 1st… I think we’ll do it February 1st.” And so it began. After the back and forth, those tariff threats have now become reality. Since January, businesses worldwide have found it difficult to plan ahead. A deer in the headlights? Central bankers, outside the U.S., have debated what the pricing impact ... (full story)