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As markets buckle up for Trump tariffs, these global sectors brace for a rough ride - Business Fast

Global financial markets fell on February 3, 2025, due to tariffs imposed by U.S. President Donald Trump on Canada, Mexico, and China, raising concerns about a trade war and economic damage.
Trump's tariffs, set to take effect on February 4, will impose 25% tariffs on Canada and Mexico and 10% on China, which economists warn could slow global growth and increase prices for Americans.
EU leaders stated they would prepare to respond to U.S. Tariffs, with French President Emmanuel Macron emphasizing the need for Europe to react if attacked commercially.
Trump postponed tariffs against Canada and Mexico for 30 days after discussions on increasing border security to combat drug trafficking, with both countries announcing retaliatory measures.

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Utah News Dispatch

Utah GOP leaders defend Trump’s tariffs while bracing for economic ‘turbulence’ • Utah News Dispatch

Senate President Stuart Adams, R-Layton, speaks to reporters at the Capitol in Salt Lake City on the first day of the legislative session, Tuesday, Jan. 21, 2025. (Photo by Spenser Heaps for Utah News Dispatch)As developments surrounding President Donald Trump’s tariffs threats unfolded Monday, Utah’s Republican leaders defended Trump’s actions as necessary to crack down on the U.S. fentanyl crisis — while also acknowledging potential trade wars…

1 month ago

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Rappler

Markets tumble over Trump tariffs; world leaders brace for his next moves

Global markets tumble as US President Donald Trump’s tariffs on Canada, Mexico, and China spark fears of a trade war. EU leaders are also preparing for a potential retaliation.

1 month ago·Philippines

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CNBC

As markets buckle up for Trump tariffs, these global sectors brace for a rough ride - Business Fast

U.S. President Donald Trump this weekend announced hefty tariffs on his country’s three biggest trading partners, leaving investors scrambling to position themselves for a global trade war. Canada and Mexico face 25% duties on their exports to the U.S., with a lower 10% levy imposed on Chinese goods. Canada has already responded with retaliatory tariffs […]

1 month ago·United States

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DNyuz

+2 Reposted by 2 other sources

Global Markets Brace for Fallout From Trump Tariffs

Markets around the world braced for volatile trading on Monday as investors began to assess the potential fallout from President Trump’s announcement of tariffs on Mexico, Canada and China. On Monday morning, markets in Japan and South Korea opened more than 2 percent lower. Overnight trading on Wall Street pointed to a sharp slide for U.S. stocks when the markets open in New York on Monday. The peso and Canadian dollar both declined as the U.S.…

1 month ago

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peopledaily.digital

Global markets brace for fallout from Trump tariffs

Markets around the world braced for volatile trading on Monday as investors began to assess the potential fallout from President Donald Trump’s announcement of tariffs on Mexico, Canada and China. On Monday, markets in Japan and South Korea were more than 2 per cent lower. The Taiwan Stock Exchange weighted index slumped about 4 per […]

1 month ago

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Devdiscourse

Tariff Tensions: Global Markets Brace for Impact

Tariff Tensions: Global Markets Brace for Impact Financial markets are on edge as President Trump announces new tariffs, heightening fears of a global economic slowdown and inflation spike. Tariffs on imports from Mexico, Canada, and China have unsettled investors, prompting a reevaluation of previously held assumptions about Trump's trade tactics.After an initial reaction, markets steadied slightly when Trump postponed tariffs on Mexican goods …

1 month ago·India

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