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Trump's Tariff Shake-Up: Global Trade Faces New Challenges

On April 2, 2025, U.S. President Donald Trump announced sweeping 10% tariffs on imports from all trading partners, marking a significant escalation in global trade tensions. These tariffs, described as "baseline," aim to address what Trump perceives as unfair trade practices and chronic trade deficits. While the announcement has sent ripples across international markets, the specific impact on Canada remains uncertain. Canada, a close trading partner of the U.S., has previously faced tariffs on steel, aluminum, and energy imports under Trump's administration. The new measures could further strain bilateral relations and affect key Canadian industries. Prime Minister Mark Carney is reportedly preparing Canada's response, as the trade war becomes a central issue in the upcoming federal election. Trump's move has sparked debates among economists and policymakers, with critics warning of potential economic fallout and supporters praising the tariffs as a step toward ...
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tips for cutting expenses

 


Here are some tips for cutting expenses:

  1. Start a budget: A budget is a written list of your monthly income and expenses. By creating a budget, you can categorize your expenses as either things you need to pay (housing, transportation, and groceries) or discretionary, non-essential spending (like entertainment or meals at restaurants). Ideally, your monthly income will exceed your monthly expenses, with room left over for savings or investments. If not, you might want to cut back on your discretionary expenses until your budget is balanced. You can use free budget templates available online to get started .

  2. Always use coupon apps when buying food: There are many apps that offer discounts on food costs. 

  3. Always use a shopping list: Before going grocery shopping, make a list of the items you need. This will help you avoid buying unnecessary items and save money .

  4. Meal plan: Plan your meals for the week ahead of time. This will help you avoid eating out and save money .

  5. Take lunch to work: Instead of eating out for lunch, pack your own lunch. This will help you save money in the long run .

  6. Buy non-perishable items in bulk: Buying non-perishable items in bulk can help you save money in the long run .

  7. Buy generic brands: Generic brands are often cheaper than name-brand products and can help you save money .

  8. Stop eating out: Eating out can be expensive. Try to limit eating out to special occasions and save money by cooking at home .

Hopefully these tips help you save money and reach your financial goals!

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