Investors Spooked by 35% Tariff on Canadian Goods

Investors are spooked as President Trump plans to raise tariffs on Canadian goods to 35%, including aluminum, steel, and motor vehicles. The S&P 500 and Nasdaq are down, with the Dow Jones Industrial Average falling. The 10-year Treasury yield is up to 4.41%, as Trump pushes for rate cuts.

President Trump’s tariff plans have led to market declines, with stocks opening lower after the announcement of increased tariffs on Canadian goods. Despite this, Nvidia’s market cap reached $4.04 trillion. Stock futures indicate a 0.6% lower opening for the S&P 500 and Nasdaq.

The president has publicized 22 tariff letters this week and imposed a 50% duty on imported copper, unsettling markets. Gold and bitcoin prices are on the rise, while Nvidia’s stock continues to climb. Major stocks like Microsoft, Apple, and Tesla are down, with Amazon being the only gainer.

The tariff news continues to impact the markets, with futures pointing towards lower openings. Bonds are lower, pushing yields higher. Gold and bitcoin prices are rising, while Nvidia’s stock is helping drag the market down. Major S&P 500 stocks are down, except for Amazon, which is up by 0.5%.

Read more at Yahoo Finance: 35% Tariff on Canada Spooks Investors