Live: Trump in tariff tit-for-tat with China; duties on Canada, Mexico paused for one month

The implementation of tariffs on China could negatively impact technology stocks due to expected disruptions and increased costs. Companies like Qualcomm and Nvidia are particularly vulnerable. Additionally, the overall market uncertainty may lead to negative sentiment among investors, putting additional pressure on tech stocks.

Automakers face risks from tariffs impacting their supply chains and production costs. Despite recent delays in tariffs for Mexico and Canada, automotive stocks such as GM and Ford may still experience downward pressure as investors remain concerned about potential future tariffs and retaliatory measures.

Food companies that rely on imports from Mexico and Canada may face cost increases owing to tariffs. Stocks like Constellation Brands could potentially see a decline as consumer prices rise. Investors should remain cautious about food sector stocks given the expected pricing pressures.