President Donald Trump over the weekend said he was imposing 25% tariffs on good imported from Mexico and Canada, and a 10% tariff on goods from China.
U.S. President Donald Trump has jolted global markets with an earlier-than-expected and stringent implementation of tariffs on China, Canada and Mexico.
Industry and corporate leaders are weighing in after the Trump administration confirmed it will move forward with tariffs on imported goods from Canada, Mexico and China.
Trump said on Sunday that tariffs may inflict short-term pain on Americans, while global markets reflect concerns they could limit growth and reignite inflation.
U.S. President Donald Trump’s tariffs are here. Inflation, seemingly stuck, might find it more difficult to recede, and markets could face an uphill climb.