Trade Tensions and Tariffs
President Donald Trump is preparing to announce additional tariffs targeting foreign trade barriers and duties on U.S. goods. This follows the recent imposition of 25% tariffs on automobiles, set to take effect on April 2, and the conclusion of tariff suspensions for Canadian and Mexican goods on the same day. These actions have contributed to a late-week sell-off in the stock market, reflecting investor concerns over escalating trade tensions and rising inflation.