Reported about 5 hours ago
The dollar and oil prices surged while stock markets fell following President Trump's announcement of tariffs on Canadian, Mexican, and Chinese exports. This move has led to fears of inflation and economic disruption, prompting a flight to safe-haven assets. The Canadian dollar hit a 22-year low as retaliatory measures from Canada, Mexico, and China sparked tensions, impacting markets globally. Major companies, particularly automakers and those reliant on imports, are bracing for significant adjustments amid rising costs and potential supply chain issues.
Source: YAHOO