Carmakers see some of the biggest share price falls while the dollar strengthens against other currencies.

Summary

Global markets tumbled after Trump announced new tariffs on Canada, Mexico, and China, with EU tariffs also expected.

European and Asian stocks fell, especially carmakers, while the US dollar surged. Canada, Mexico, and China vowed retaliation.

Investors fear economic slowdown, inflation, and stalled interest rate cuts. Oil prices rose as traders assessed impacts on US imports.

Experts warn prolonged tariffs could weaken the dollar’s global role. Trump plans talks with Canada and Mexico before the tariffs take effect at midnight on Tuesday.

  • @HornedMeatBeastEnglish
    4•2 days ago

    My mom thinks so lol. She thinks he single-handedly saved the economy and is responsible for it being so good.

    Sadly, she has gone full Boomer over the last year or so.