Trump imposes tariffs on Canada, Mexico, and China, sparking "Trade War 2.0" and negative market sentiment

From Investing.com: 2025-02-03 04:36:00

President Trump has announced tariffs on imports from Canada, Mexico, and China, with a 25% tariff on Mexican and Canadian goods, and a 10% tariff on Chinese imports starting on February 4. The move signals the start of “Trade War 2.0” and reinforces Trump’s “America First” agenda. Stock and cryptocurrency markets are feeling the pressure, while the dollar is strong. Gold prices are down, but oil is rallying ahead of the OPEC+ meeting. Trump’s decision is causing a negative market sentiment, with a risk-off reaction seen in equity indices and cryptocurrencies. The Fed’s likely reaction and economic impacts of the tariffs are being debated, with key data releases and Fed speakers in focus this week.



Read more at Investing.com: Risk Sentiment Suffers as Trump Makes the First Move