US Tariffs Take Effect Amid Market Jitters.
US stock futures held steady as Wall Street prepared for President Donald Trump's broad tariffs on America's top trading partners to take effect. Futures attached to the S&P 500 climbed 0.2%, Nasdaq futures rose 0.3%, and Dow Jones futures pushed up 0.1% from the flatline. The countries had been negotiating with the Trump administration to avoid the tariffs, but Trump said there is "no room left" for Canada or Mexico to strike a deal.
- This move signals a growing trend in global trade tensions, potentially leading to retaliatory measures and market volatility.
- How will the imposition of these tariffs impact the global economy's growth trajectory and the long-term competitiveness of US industries?