Trump tariffs: markets brace for falls as Mexico and Canada hit back

Fears grow for global trade, with major indices likely to plunge as US trading partners quickly retaliate, raising chance China and EU will follow suit

Investors are bracing for stock market falls after Canada and Mexico hit back against trade tariffs imposed by Donald Trump this weekend.

Trading on the brokerage IG’s weekend markets indicated shares were likely to fall on Monday after the US president signed an order on Saturday to bring in sweeping tariffs this week, a move that could prompt a trade war with some of the country’s largest trading partners.

Topics

Canada’s Auto Industry Capital Braces for Trump Tariffs

Windsor, Ontario, right across the border from Detroit, has close ties to the United States but now faces exceptional economic disruption.
The New York Times - 1d
Trump Will Hit Mexico, Canada and China With Tariffs

The White House said it would move forward with levies on America’s largest trading partners on Saturday.
The New York Times - 1d
Donald Trump hits Canada, Mexico and China with steep tariffs

US president fires starting gun on trade war with levies of up to 25% on goods imported from trading partners
Financial Times - 18h
Trump hits Canada, Mexico and China with steep new tariffs; Canada retaliates

Canadian Prime Minister Justin Trudeau announced that Canada would respond with 25% tariffs "against $155 billion worth of American goods."
CBS News - 19h
Canada and Mexico hit back after Trump signs order for punishing tariffs

Justin Trudeau, Canada’s prime minister, announces tit-for-tat 25% tariffs and warns of impeded access to ‘vital goods critical to US security’. The leaders of Canada and Mexico have hit back ...
The Guardian - 19h
Trump to hit Canada, Mexico and China with tariffs

Canadian oil will be hit with a lower levy of 10%, likely by mid-February, President Trump says.
BBC News - 1d
Will Canada and Mexico tariffs hit? Trump official says they’re avoidable or possibly short term.

President Donald Trump’s nominee for commerce secretary, billionaire financial-services executive Howard Lutnick, made an effort Wednesday to ease concerns about potentially inflationary 25% ...
MarketWatch - 4d
Emerging markets braced for Trump tariffs threat

US president’s policies are likely to push up dollar-denominated debt, hurting economies such as Mexico and Malaysia
Financial Times - 6d
Automakers Brace for Impact of Trump Tariff Plan for Canada and Mexico

North American car companies have operated across borders for three decades. Tariffs would raise prices and cost jobs in the short run, analysts say.
The New York Times - Jan. 21

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