US stocks plunged on Monday after President Donald Trump announced that a 25% tariff on imports from Canada and Mexico would take effect on Tuesday, dashing hopes for a last-minute deal and reigniting trade war fears. The S&P 500 fell 1.8%, the Dow Jones Industrial Average dropped 649 points (1.5%), and the Nasdaq composite slumped…
US President Donald Trump has imposed tariffs of 25 percent on Canadian and Mexican imports as well as an additional 10% tax on Chinese goods would come into force on Tuesday. Canadian energy faces a lower 10% tariff. Canada, Mexico and China have vowed to respond to sweeping new tariffs to their exports to the…
Topline President Donald Trump confirmed Thursday that he’s planning to levy a 25% tariff on imports from Mexico and Canada starting Saturday—with broader import taxes potentially soon following—reflecting his campaign promises to implement high tariffs, against the views of many economists who believe Trump’s plan would burden everyday consumers. President Donald Trump speaks to journalists…