Stocks Slump as Trump Tariffs Take Effect
The S&P 500 added to recent losses in early trading. German automakers, many of which have plants in Mexico that make vehicles that are sold in the United States, were especially hard hit.
It Is Happening Every Day, Every Where
The S&P 500 added to recent losses in early trading. German automakers, many of which have plants in Mexico that make vehicles that are sold in the United States, were especially hard hit.
German automakers, many of which have plants in Mexico that make vehicles that are sold in the United States, were especially hard hit.
The S&P 500 fell 1.8 percent on Monday after President Trump doubled down on plans to impose 25 percent tariffs on Canada and Mexico starting Tuesday.
Canada is one of the United States’ largest trading partners, but President Trump wants to either take it or leave it.
China is still cautiously trying to figure out what Trump wants. The president has threatened big tariffs in response to the inaction.
The president initiated an investigation that could lead to tariffs on lumber imports, nearly half of which comes from Canada.
The cost of steel pipe used to line oil and gas wells rose after President Trump said he would impose tariffs on steel and aluminum imports.
Debate is building over just how deep the Trump administration’s antagonism runs, and whether the real goal is to destroy the European Union.
The administration is positioning itself to clamp down on Chinese investment and access to technology. But the wild card may be the president himself.