Tariffs Kick in Today. How China, Canada, and Mexico Are Reacting to Trump Move. - Barron's
1. President Trump enacts 25% tariffs on Mexico and Canada, and 10% on China. 2. China and Canada retaliate with tariffs and export restrictions on U.S. goods. 3. Market reaction is negative, with major declines in stocks and the dollar. 4. Car makers, especially Ford, are significantly impacted due to integrated production lines. 5. Concerns persist over economic growth and inflation driven by new tariffs.