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Trump imposes tariffs on Canada, Mexico and China, raising prospect of inflation and trade conflict

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www.ozarksfirst.com – JOSH BOAK, ZEKE MILLER, ROB GILLIES and CHRISTOPHER SHERMAN, Associated Press – 2025-02-01 21:42:00

SUMMARY: President Trump signed an order imposing tariffs on imports from Mexico, Canada, and China, citing the need to combat fentanyl trafficking and reduce illegal immigration. The tariffs, set at 10% on China and 25% on Canada and Mexico, risk escalating inflation and disrupting economic growth. Both Canada and Mexico retaliated with matching tariffs, while China has yet to respond. Critics warn of increased costs for U.S. households and industries. Despite the economic risks, Trump is maintaining his hardline stance on trade, signaling further tariffs in his second term. Democratic leaders blame him for potential price hikes on goods.

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News from the South - Missouri News Feed

Thousands protest in St. Louis over federal immigration policies

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www.youtube.com – FOX 2 St. Louis – 2025-02-01 21:44:06

SUMMARY: Hundreds gathered in downtown St. Louis to protest after the International Institute of St. Louis furloughed over 60% of its staff due to delays in federal funding and recent actions by the Trump administration, which suspended various immigration initiatives including refugee resettlement programs. Protesters expressed their concerns about the impact of these cuts on immigrant families reliant on essential services. The rally highlighted the importance of immigration in America, with participants emphasizing that the country was built by immigrants. The institute hopes to resume full operations once federal funds are restored, but there is no clear timeline for that.

A protest in downtown St. Louis as federal funding delays forced the International Institute of St. Louis to furlough over 60% of its staff statewide.

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News from the South - Missouri News Feed

Trump imposes tariffs on Canada, Mexico and China

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fox2now.com – JOSH BOAK, Associated Press – 2025-02-01 18:08:00

SUMMARY: President Trump signed an order imposing significant tariffs on imports from Mexico, Canada, and China, fulfilling a campaign commitment but risking inflation and economic disruption. The tariffs include a 10% duty on Chinese imports and a 25% duty on goods from Mexico and Canada. These measures may provoke retaliation from the affected countries and undermine U.S. economic relations, potentially leading to an average household loss of $1,170. Trump justifies the tariffs as a means to combat fentanyl trafficking and illegal immigration. Critics, including Democratic leaders, warn that these tariffs could exacerbate inflation, undermining Trump’s support among voters concerned about rising prices.

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News from the South - Missouri News Feed

Are you in the top 1% of earners in Missouri?

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www.ozarksfirst.com – Addy Bink – 2025-02-01 14:23:00

SUMMARY: The definition of being “rich” varies, but GOBankingRates determined that to be in the top 1% of earners in the U.S., one must earn at least $794,129 annually, a 3.3% decrease from the previous year. Income thresholds vary by state; in Connecticut, the requirement is nearly $1.2 million, while in West Virginia, it’s about $435,300. States like Massachusetts, California, and New Jersey also have high thresholds. To be in the top 10%, you need a minimum income of $148,812. The average U.S. household income was $80,610 in 2023, while median household wealth was $176,500.

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