CNN
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US President Donald Trump’s tariffs on Canada and Mexico could severely impact the economies of both countries, potentially slowing down production of certain goods, raising prices on products and sparking fears of a recession, analysts warn.
The US on Tuesday imposed 25% tariffs on imports from both of its neighbors, as well as a 10% tax on Canadian energy.
Though both countries have also warned they will impose reciprocal tariffs that will affect the US economy, Canada and Mexico stand to lose far more because they depend so heavily on America for trade. The US is considered their largest export market.
Last year, Mexico exported…
