Tariffs Due to Take Effect at 12:01 A.m. Tuesday.
The U.S. government's decision to impose 25% tariffs on goods from Canada and Mexico has sent shockwaves through financial markets, with stocks tumbling sharply in late afternoon trading. The move is expected to deal a serious setback to the highly integrated North American economy, which relies heavily on trade between its southern and northern neighbors. The tariffs are scheduled to take effect at 12:01 a.m. EST on Tuesday.
- The impact of these tariffs on the global supply chain will be felt far beyond the immediate reaction in financial markets, as companies scramble to adjust their production schedules and inventory levels.
- What role will the U.S. government's rhetoric about fentanyl trafficking play in shaping the actual terms and conditions of this trade agreement?