Trump Announces Tariffs on Mexico, Canada, and China Starting March 4
U.S. stock market gains diminished after President Trump announced new tariffs.
- Tariffs on Mexico and Canada will start on March 4.
- A 10% tariff on China will also take effect on that date.
- Previous comments indicated tariffs would begin in April.
- Nasdaq 100 futures reduced gains from over 1% to about 0.6%.
- S&P 500 futures show marginal gains, while Dow futures declined.
- The U.S. dollar index increased by 0.5% following the announcement.
- Bitcoin is stable at $85,600 after recent declines.