Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico

The announcement of higher tariffs is likely to increase costs for companies that rely on imports from these countries. This could negatively impact profit margins, particularly in sectors heavily reliant on consumer goods and manufacturing. Additionally, it may provoke retaliatory measures from China, Canada, and Mexico, leading to further trade tensions.

Investors in logistics and shipping companies may want to exercise caution as increased tariffs may result in decreased trade volumes between the U.S. and these countries, which could hurt profitability for these sectors.

Consumer goods companies that import from China, Mexico, or Canada could face significant impacts on their profit margins due to the higher costs of goods sold. This could adversely affect stocks in these sectors ahead of the tariff implementation.