As a new era of “Every Day Lower Prices” begins, US stocks take a hit. President Donald Trump’s tariffs on Canadian and Mexican imports went into effect today, putting pressure on Wall Street. Canada and Mexico have promised to retaliate.
The market reacted strongly after yesterday’s announcement, with US stocks down. The latest move also imposes a 10% tariff on Chinese imports, prompting China to immediately retaliate. Even tech giant Apple may feel the effects of this increased trade tension as it explores AI development in China.
Source: https://www.cnbc.com/2025/03/04/jim-cramers-top-10-things-to-watch-in-the-stock-market-tuesday.html