The stock market decreased on Monday in uncertainty about the fate of tariffs imposed by President Donald Trump in Canada, Mexico and China on the weekends.
Immediately after the decline of the market in the morning on Monday, Trump urged Mexico’s duties to suspend Mexico’s duties after talking with President Claudia Symbaum in Mexico to collect part of the loss. 。
Dow Jones’s industrial average slipped in about 150 points (0.35 %) on Monday early transactions. S & P 500 decreased by 0.7 %, and NASDAQ, which has a lot of high -tech, has fallen by 1 %.
Traders were anxious about selling a US automobile company, which has a deep connection with Canada and Mexico suppliers. General Motors’ shares decreased by 2 %, and Ford has fallen 1.3 %.
The downturn in the market has been extended around the world. Japan’s Japanese index decreased by 2.5 % on Monday, and the STOXX 600 in Pan -Europe has decreased by about 1 %.
On Saturday, Trump imposed a 25 % tariff on products from Mexico and Canada, and imposed a 10 % tariff on products from China. White House said that customs duties will be enabled on Tuesday.
The trader works on the opening bell in New York on January 30, 2025 on the floor of the New York Stock Exchange (NYSE).
AFP by Timothy A. Clarian/Getty Image
Canadian Prime Minister Justin Todoro and Mexico, President Mexico, responded within a few hours of announcements and vowed in retaliation.
Although Trudeau stated that Canada would carry out 25 % tariffs on US products worth $ 15.5 billion, Sinbaum “including tariffs and non -tax measures that defend Mexico’s profits.” He said he had instructed the government to implement what was called.
Experts earned ABC News that the tariffs imposed by the White House could raise the price of various products from avocado to tequila and gasoline. However, they said the price was unknown because companies in the supply chain could choose to undertake a part or all of the tax burden.
Potential retaliation tariffs issued by Canada and Mexico make it more difficult for US exporters to compete in these markets and increase sales.
In a series of social media posts on weekends, Trump targets Canada, Mexico and Chinese tariffs to host the production and transport of illegal drugs ending in the United States with true social posts on Sunday. He stated that he urged three countries to three countries. We will deal with his concerns while acknowledging that customs duties could cause some financial difficulties in the United States.
“Is there any pain? Yes, maybe (and maybe not!) But we will re -make the United States again.
