Trump tariffs live updates: Lutnick hints Canada, Mexico may not face full 25% tariffs as deadline nears
Published On Mar 3, 2025, 11:37 AM
President Trump is set to reshape U.S. trade policy through tariffs targeted at key trading partners such as Canada, Mexico, the European Union, and China, with new tariffs scheduled to begin on March 4 and impacting various goods including steel, aluminum, and agricultural products. Concerns are rising about potential economic repercussions, including inflation and a possible recession, as these tariffs could disrupt markets and supply chains. Companies are already reporting impacts on manufacturing activities, indicating that these trade policies may deliver operational shocks and result in price increases across various industries.
Stock Forecasts
SPY
Negative
The planned tariffs could elevate costs for numerous sectors dependent on imports, potentially leading to margin squeezes. Consumer goods makers may face increased prices and reduced demand. This raises concerns about economic contraction due to reduced consumer spending. Hence, the manufacturing index indicates weakening optimism, and tariffs may exacerbate inflation, impacting the broader market negatively.
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