Markets See 'Hardly A Flesh Wound' So Far, But Century's Biggest Trade War Looms, Says Bob Elliott
1. New tariffs of 25% on Canada and Mexico implemented today. 2. Estimates suggest $160 billion added costs for U.S. consumers and businesses. 3. Current tariff levels are highest since the 1960s, with more to come. 4. Retaliation from partners might significantly impact U.S. manufacturing GDP. 5. Market resilience could change as full tariff impacts unfold.