His comments quickly rattled the US stock market, with the S&P 500 index down 2 percent in Monday afternoon trading. The post Trump says 25 percent tariffs on Mexican and Canadian imports will start Tuesday, with ‘no room’ for delay appeared first on Boston.com.
President Trump announced 25% tariffs on imports from Mexico and Canada, effective Tuesday, causing the S&P 500 to drop 2%. The tariffs aim to address trade imbalances and encourage U.S. manufacturing. Canada threatens retaliatory tariffs of $155 billion, while Mexico awaits U.S. action. Businesses like Ford and Walmart warn of negative impacts, and Democrats criticize the move for worsening inflation and harming alliances. The tariffs risk escalating into a North American trade war, potentially harming economic growth and inflation.
