Group 1 - The U.S. government implemented tariffs on 23 countries, with rates ranging from 20% to 50%, significantly impacting global markets [2] - Canada was unexpectedly hit with a 35% tariff on automotive and lumber industries, marking it as the third country affected after China [2] - The tariffs are expected to lead to price increases for consumer products, including toys from Hasbro, which may face higher costs due to reliance on overseas production [3] Group 2 - The tariffs on Brazilian beef, which accounted for 20% of U.S. beef imports, will result in a 76% increase in import costs, affecting popular American food items [4] - The copper market reacted sharply, with traders rerouting shipments to avoid tariffs, leading to a significant price difference between New York and London markets [5] - The upcoming Consumer Price Index (CPI) report is anticipated to show a core inflation rate potentially rising to 3%, which could influence Federal Reserve actions regarding interest rates [7]