Trump imposes tariffs on Mexico, Canada, and China, causing market volatility and potential trade war

From Nasdaq

February 3, 2025 11:29:00 am:

A tariff is a tax on imported products paid by the consumers. Trump imposes 25% tariffs on Mexico and Canada, 10% on China. Canada retaliates with $30 billion in tariffs. Trump uses tariffs as a negotiating tool. Traders can hedge positions, decrease size, take a tactical approach, go to cash, or optimize portfolios. Trade war impacts market volatility.

Read more at Nasdaq: Trump, Tariffs, & Trade Wars: What Investors Need to Know