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Donald Trump Tariffs Smack Markets, Dow Plunges As Canada, Mexico & China Retaliate
Tariffs of 25% on Canada and Mexico that took effect overnight hit stocks today in a broad-based selloff following a steep drop Monday.
Tariffs of 25% on Canada and Mexico, announced then delayed a month ago, that took effect overnight, hit stocks today in a broad-based selloff following a steep drop Monday. “The economy appears to be gagging on the uncertainty created by the haphazard economic policymaking happening in DC,” said Moody’s chief economist Mark Zandi in a post on X today. Trump, who also suspended aid to Ukraine yesterday and softened policies towards Russia, is expected to make the case for his domestic and foreign agendas during a televised speech to Congress tonight.
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