US Autos, Homebuilders, Materials Take Hits as Trump Trade War Kicks Off
Shares of U.S. companies have come under pressure from the latest escalation in Washington's trade war, with the newest tariffs on Canada and Mexico expected to hit earnings in several sectors. Economically sensitive stocks such as airlines and banks led the declines on Wall Street's main indexes on Tuesday. The benchmark S&P 500 suffered its worst day of this year on Monday after the U.S. tariffs were confirmed.
- As global supply chains become increasingly fragile, countries with significant trade relationships are reevaluating their economic ties, potentially forcing a new era of regional cooperation.
- What will be the long-term impact on innovation and investment in industries heavily reliant on international trade, such as technology and manufacturing?