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Stocks sink as Trump trade war with Canada, Mexico escalates

  • On Tuesday, President Donald Trump's trade tariffs of 25 percent on Mexico and Canada went into effect, causing immediate negative effects on the stock market, including a 410-point drop in the Dow Jones Industrial Average within minutes of trading opening.
  • In retaliation, Canada announced retaliatory tariffs of 25 percent against $155 billion of American goods, as stated by Prime Minister Justin Trudeau.
  • China will impose additional tariffs on U.S. Goods starting March 10, including levies on several agricultural products, as a response to Trump's trade measures.
  • The uncertainty caused by these tariffs has led to a decline in consumer confidence and concerns about increased inflation for U.S. Households.
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lonestarlive.com broke the news in on Monday, March 3, 2025.
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