Wall Street is delivering its judgment of Trump's economic policy: Morning Brief

Published On Mar 5, 2025, 6:00 AM

The article discusses the current market reactions to President Trump’s new tariffs on Mexico and Canada, which have erased previous gains seen after the election. The S&P 500 saw a decline of 1.2% as investors reacted negatively to the imposition of tariffs, with fears of retaliatory actions from these countries and other global trade impacts. Canada announced 25% duties on U.S. imports, while Mexico and China also responded with their own tariffs. The article raises concerns about whether these tariffs could damage long-term U.S. economic relations and how they might affect domestic markets moving forward.