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Donald Trump’s Tariff Chaos Roils Stocks As Import Taxes On Both Canada, Mexico Delayed For A Month
Stocks swooned at the open on steep tariffs set to start Tuesday but reversed losses on news that the hit on goods from Mexico will be delayed a month.
Stocks swooned at the open on steep tariffs set to start Tuesday but mostly reversed losses on late morning news that the hit on goods from Mexico will be delayed for one month. Trump had slammed the WSJ on Truth Social this weekend, calling it “always wrong” but acknowledged that tariffs may bring “some pain” in terms of higher prices – even though inflation was one reason he won the election. Canada was infuriated and mystified with Prime Minister Justin Trudeau at a weekend news conference excoriating the move to punish a longtime friend and ally and announcing retaliatory tariffs.
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