Stocks sink as Trump trade war with Canada, Mexico escalates
- President Donald Trump's 25 percent trade tariffs on Canada and Mexico took effect, causing the stock market to drop significantly, with the Dow Jones falling over 410 points shortly after trading began on Tuesday.
- Mexico's President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau announced retaliation against U.S. tariffs, stating there is no justification for such actions.
- China announced it would impose a 15 percent tariff on U.S. agricultural goods, escalating the ongoing trade tensions.
- Trump insisted the tariffs were necessary due to fentanyl issues and acknowledged there might be economic disturbances ahead, claiming, 'Tariffs are about making America rich again.
210 Articles
210 Articles
Stock market today: Wall Street poised to open with losses as anxiety over looming trade war returns
Anxiety returned to Wall Street on Thursday with markets poised to give back much of the previous day's gains, which were spurred by President Donald Trump’s one-month exemption for U.S. automakers on his 25% tariffs for Mexican and Canadian imports.
Losing the 'war'? Trump backs down in 'trade war' as markets slump, bankers say 'no'
Donald Trump is already facing backlash from Wall Street and small businesses due to his policies. The stock market has turned negative since his inauguration, and recent jobs data is coming in "far below expectations." MSNBC’s Ari Melber reports. (The Beat's YouTube playlist: https://msnbc.com/ari Ari: / arimelber Beat merch: www.msnbc.com/Beat5)
Stock market today: Wall Street gains ground as U.S. softens position on some tariffs
NEW YORK (AP) — The U.S. stock market is gaining ground Wednesday as the U.S. softens its position on some tariffs against several key trading partners. The shift comes a day after a sharp tumble that wiped out the last of the “Trump bump” that Wall Street received following the presidential election in November. The S&P 500 rose 0.5% in afternoon trading after losing 6% since setting its all-time high last month and returning to where it was be…
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