Trump tariff live updates: Canada, Mexico, China retaliate as Trump's new tariffs go into effect
Published On Mar 4, 2025, 2:32 PM
The escalating trade tensions, marked by President Trump's recently implemented tariffs on Canada, Mexico, and China, are intensifying the potential economic fallout. Canada has retaliated with significant tariffs on US imports, which could affect industries connected to these countries. Companies like Hasbro and Best Buy are already anticipating increased costs and potential impacts on consumer prices due to these tariffs. The situation poses risks of inflation and could influence the Federal Reserve's interest rate decisions. Overall, the trade war presents risks not only to targeted sectors but the broader US economy, potentially pressuring profits across many companies.
Stock Forecasts
BBY
Negative
Expect supply chain disruptions and increased costs for companies that rely heavily on imports from Canada, Mexico, and China. Retailers may pass these costs to consumers, dampening discretionary spending. As tariffs and counter-tariffs escalate, companies may see pressure on margins and overall profit forecasts. Best Buy, Target, and Hasbro are already highlighting tariff impacts which could lead to downward pressure on their stock prices.
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