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S&P 500, Dow Hit Records, Trump Tariffs to Cost Hundreds of Billions | Wall Street Today
U.S. stocks reacted lukewarmly to Trump's tariff threats, as interpreted by Wall Street analysts.
On Monday evening, elected President Donald Trump threatened to impose high tariffs on the usa's three major trading partners to prevent drugs and immigrants from entering the usa, causing traders to once again experience Trump's unreliability in economic policy. Trump's social media post at 6:35 PM local time forced traders commuting or dining to evaluate its market impact. Indeed, the dollar surged against the Mexican peso and the Canadian dollar, and us treasury yields rose slightly. The usa equity index futures saw a slight decline. However, given the significant risks facing global trade, the market's reaction was calm and brief.
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