Summary
Donald Trump announced new tariffs against China, Mexico, and Canada, sparking market turmoil as the measures were set to begin this weekend.
Following the announcement, major indices plunged, with the Dow Jones, NASDAQ, and S&P 500 suffering significant losses, reflecting investor anxiety across global markets.
Canada, Mexico, and China vowed retaliatory tariffs, with officials warning that these measures could escalate trade conflicts and significantly harm economic stability.
Critics argue the tariffs will harm consumers and businesses, creating global trade uncertainty and risking prolonged economic challenges in the United States.
This tariff war inside north America is unprecedented since 1945. We will need more Data to evaluate consequences and clearly distinguish random market fluctuations from real consequences; remind me in 10 days/months/years. Capital flows might still strengthen the Dollar in the short term, as countries who depend on exporting commodities (namely oil/coal/wood) into the US will attempt to lower prices to compete with domestic US producers …