The S&P 500 added to recent losses in early trading. German automakers, many of which have plants in Mexico that make vehicles that are sold in the United States, were especially hard hit.
Category: Protectionism (Trade)
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Europe Warily Watches U.S.-China Trade War
Some European executives see rising trade tensions as a potential opportunity, but they are watching warily for more moves in Washington.
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Trump’s Tariffs Hit Stock Markets
Global leaders are retaliating and investors have sold off stocks in Asia and Europe.
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In Face of Trump Tariffs, Mexico Embraces Nationalism
Before the tariffs went into effect, approval ratings for President Claudia Sheinbaum rose and companies began marketing “Made in Mexico” products.
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China Retaliates Against Trump, Imposing Tariffs and Blacklisting U.S. Companies
Beijing imposed broad tariffs on imports of American food and said that 15 U.S. companies could no longer buy from China without special permission.
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Trump’s Tariffs on Canada, Mexico and China Snap Into Effect
President Trump imposed hefty tariffs on the United States’ largest trading partners on Tuesday, roiling global relations and sending shock waves through industries that depend on trade.
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Warren Buffett Rebukes Trump’s Tariffs Plan in CBS Interview: ‘Act of War’
The rebuke of President Trump’s tariff plans came just days before sweeping tariffs on Canada and Mexico were expected to go into effect.
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Stocks Post Biggest Loss of the Year on Trump’s Tariff Plans
The S&P 500 fell 1.8 percent on Monday after President Trump doubled down on plans to impose 25 percent tariffs on Canada and Mexico starting Tuesday.
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What’s Behind Trump’s Love-Hate Relationship With Canada
Canada is one of the United States’ largest trading partners, but President Trump wants to either take it or leave it.
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Trump Turns Up Trade Pressure on China After Beijing Fails to Come Running
China is still cautiously trying to figure out what Trump wants. The president has threatened big tariffs in response to the inaction.
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2 Troubled Carmakers, Nissan and Stellantis, Could Be Hit Hardest by Tariffs
A possible 25 percent levy on goods from Canada and Mexico is likely to raise the prices consumers pay for new cars and trucks, and disrupt complex supply chains.