Shares opened lower Tuesday in Asia after U.S. stocks fell sharply just ahead of a new round of higher tariffs imposed by U.S. President Donald Trump. Tariffs of 25% on Canada and Mexico were due to take effect early Tuesday.
Stock futures were little changed after the market failed to stage a rebound Monday. President Donald Trump indicated tariffs on Canada and Mexico could go into effect next week. Home Depot narrowly beat Wall Street's fourth-quarter earnings and revenue expectations.
U.S. President Donald Trump is expected to retreat more on 25% tariffs against Canada and Mexico after Wall Street opened with big losses for stocks Thursday and businesses and consumers
U.S. President Donald Trump is expected to retreat more on 25% tariffs against Canada and Mexico after Wall Street opened with big losses for stocks Thursday and businesses and consumers
The Trump administration imposed tariffs on imports from Canada and Mexico starting Tuesday and doubled tariffs against imports from China.
CNBC's Jim Cramer commented on Donald Trump's tariffs on Mexico and Canada going into effect this morning, saying that Wall Street is confused about who has to pay what, how much, and to whom. "There's just vast confusion,
Stocks are falling again on Wall Street as companies and investors react to President Trump’s decision to impose tariffs.
Economic forecasts have been weakening. While some see slower growth, several commentators see the chance of an outright recession rising this year.
The recent decline in U.S. stocks has wiped out all of the markets' gains since Trump’s election in November. That rally had been built largely on hopes for policies that would strengthen the U.S. economy and businesses.
Comments by President Trump in a speech to Congress and the nation appeared to have scant impact on world markets.