Donald Trump Tariffs Smack Markets, Dow Plunges As Canada, Mexico & China Retaliate
deadline.comTariffs of 25% on Canada and Mexico, announced then delayed a month ago, that took effect overnight, hit stocks today in a broad-based selloff following a steep drop Monday.
The Trump administration, at least so far, is not proving to be the boon many hoped for to inflation, interest rates or M&A.
The Dow Jones is down 729 points in late morning trade. The Nasdaq, S&P 500 and Russell 2000 are also drooping. Media and tech stocks, from Disney, Netflix and Fox to Snap, Roku, Amazon, Meta, Spotify, Live Nation and TKO, are in the red.
Broadcasters are lower, most exhibitors are taking a hit. A few stocks clinging to gains include Warner Bros. Discovery, Comcast, Alphabet and Apple, which launched a more advanced iPad air today, but the situation is fluid.
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