Trump Tariffs Threaten to Upend Global Economic Order
Published On Feb 2, 2025, 3:35 PM
President Trump has announced significant tariffs on imports from Canada, Mexico, and China—25% on most goods from Canada and Mexico, and 10% on all goods from China. This decision has been met with sharp criticism from various lawmakers and economists, who believe it could lead to inflation, harm U.S. industries, and increase China's influence in global trade. The countries affected have indicated they will retaliate against these tariffs, further complicating international trade relations.
Stock Forecasts
SPY
Negative
The implementation of these tariffs could negatively impact U.S. companies that rely on importing goods from Canada, Mexico, and China, potentially leading to higher costs and reduced economic activity. Given the backlash and potential retaliation from these countries, the overall market sentiment might sway towards caution, particularly within affected sectors.
Related News
Live: President Trump signs tariffs on Canada, Mexico, China
Feb 2, 2025, 2:43 PM
Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy.
Trump tariffs, more Big Tech earnings, and a jobs report: What to know this week
Feb 2, 2025, 7:50 AM
Trump's tariff plans are squarely in focus for investors amid another busy week on Wall Street that will include quarterly reports from more than 100 S&P 500 companies and the January jobs report.
New Trump tariffs on Mexico, Canada and China set to start Tuesday
Feb 2, 2025, 8:05 AM
The president signed executive orders on Saturday to begin duties on Canada, Mexico, and China.