Over the Paywall – Good Info News Wire
Key Facts
- President Trump suspended recently imposed 25% tariffs on Canada and Mexico, affecting stock markets and trade-dependent industries.
- Canada retaliated with $20.5 billion in levies on American goods following the U.S. tariffs, while Mexico threatened similar actions.
- The S&P 500 fell 1.8% on Thursday amid market volatility, and additional tariffs on imports are still planned for April.
Article Summary
President Trump, after imposing 25% tariffs on Canada and Mexico, suspended many of these levies, causing confusion among investors and businesses. Despite the suspension, anxiety persisted in industries reliant on trade with these countries, which constitute a significant portion of U.S. trade. Canada retaliated with $20.5 billion in levies on U.S. goods, and Mexico threatened similar actions. The tariff changes caused significant market volatility, with the S&P 500 dropping 1.8% on Thursday. While some tariffs have been suspended, others are planned for April, maintaining an uncertain trade environment.
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