Tariffs

S&P 500 Gains and Losses Today: Index Drops as Investors Brace for Tariffs to Take Effect

The S&P 500 plunged 1.8% on Monday, March 3, 2025, posting its steepest drop so far this year as President Trump confirmed that new tariffs will take effect on Tuesday.

Emerging Markets Waver as Traders Weigh Tariffs, US-Ukraine Feud

(Bloomberg) -- Emerging-market assets kicked off March little changed as traders monitored a looming deadline for US tariffs on key trading partners, while Ukraine bonds fell on the fading prospects of a near-term peace deal.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global

Prices rose along border ahead of Trump's tariffs — now disruption looms

As 25% tariffs on imports from Mexico and Canada are set to take effect on Tuesday, Hispanic-owned businesses and companies that depend on cross-border trade are already passing higher prices onto consumers and preparing to sharply reduce imports. The prospect of a North American trade war has already thrown the global economy into turmoil, with consumer confidence tumbling, inflation worsening and the auto sector and other domestic manufacturers bracing for a downturn. Trump dismissed concerns that tariffs are largely paid for by consumers through higher prices, saying: “It’s a myth.”

Wall Street hit by Trump tariffs on Canada and Mexico

Wall Street's main stock indexes tumbled Monday to end sharply lower after President Donald Trump announced the start of 25% tariffs on Canada and Mexico. Trump said on Monday that there was no chance for Mexico or Canada to prevent 25% tariffs from taking effect on Tuesday. "They're going to have to have a tariff.

American Carmakers Face Credit Pressure as Trump’s Tariffs Near

(Bloomberg) -- Bond investors are getting a little more concerned about the outlook for automakers that could see their bottom lines hit by US tariffs.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkThe extra yield that bondhold

Canada Is Ready to Retaliate Against US Tariffs, Foreign Minister Says

(Bloomberg) -- Canada has prepared a sweeping package of counter-tariffs against US-made products, its foreign minister said, after President Donald Trump confirmed his administration will go ahead with duties against Canada and Mexico on Tuesday. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into Bond

Stock market today: Dow sinks, S&P 500 posts worst day of 2025 after Trump forges ahead on tariffs

March trading is kicking off with investors bracing for tariffs, the monthly jobs report, and key retail earnings.

Mexico’s Star Economy Dreams Crumble Under Donald Trump’s Tariff Threats

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkOnly a couple years ago, manufacturers were fighting for space to relocate their operations

Stocks slump on Wall Street and Dow drops 650 as Trump says 25% tariffs on Mexican, Canadian imports will start Tuesday

Stocks slump on Wall Street and Dow drops 650 as Trump says 25% tariffs on Mexican, Canadian imports will start Tuesday.

Nvidia Stock Leads AI Selloff as Trump Tariffs Shake Wall Street

The AI trade continued to falter on Monday, with Nvidia stock slumping into bear territory. Equities nosedived after President Trump reiterated plans for a 25% tariff on Canadian and Mexican imports starting tomorrow.

Crypto Prices Sink on Trump Reserve Skepticism, Tariff Concerns

(Bloomberg) -- Euphoria in digital-asset markets stemming from Donald Trump’s plans for a strategic crypto reserve turned to skepticism on Monday, triggering early losses in cryptocurrencies that worsened throughout the day as investors braced for the US to impose 25% tariffs on Mexico and Canada.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Bu

Trump says 25% tariffs on Mexican and Canadian imports will start Tuesday, with 'no room' for delay

President Donald Trump said Monday that 25% taxes on imports from Mexico and Canada would start Tuesday, sparking renewed fears of a North American trade war that already showed signs of pushing up inflation and hindering growth. “They’re going to have to have a tariff.” Trump has said the tariffs are to force the two U.S. neighbors to step up their fight against fentanyl trafficking and stop illegal immigration.

Trump says 25% tariffs on Mexican and Canadian imports starting Tuesday, sparking new fears of North American trade war

Trump says 25% tariffs on Mexican and Canadian imports starting Tuesday, sparking new fears of North American trade war.

Economic growth forecasts tumble as Trump tariffs loom

Economic growth data has largely been weaker than expected to start 2025, prompting some economists to forecast a slower pace of US economic growth than initially thought.

Honda Plans to Make Next Civic in Indiana to Avoid Tariff Hit, Report Says

Honda Motor plans to produce its next Civic hybrid in Indiana rather than Mexico to avoid the impact of upcoming tariffs, according to a Reuters report.

Trump’s tariff tactics carry higher economic risks than during his first term

When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and import taxes on U.S. trading partners created chaos, generated drama -- and drew criticism from mainstream economists who favor free trade. The trade war sequel that Trump has introduced in his second term is likely to be a different matter altogether. Trump appears to have grander ambitions and is operating in a far more treacherous economic environment this time.

Warren Buffett: Tariffs are ‘an act of war’

Tariffs might be President Donald Trump’s favorite word. To legendary investor Warren Buffett, there is less to be excited about.

Gold prices rebound as Trump tariff deadline approaches

Gold rebounded after its worst week of the year as investors weight the potential impact of Trump tariffs.

Manufacturing Growth Slows in February as Customers ‘Wait-and-See’ on Tariffs

The Institute of Supply Management's manufacturing PMI survey for February showed slower-than-expected growth, as tariff concerns created additional price pressures for factory managers.

Trump’s tariff chaos threatens an economy already flashing yellow lights

The health of the US economy is looking less and less stable by the day.

Report: Trump’s tariffs could add as much as $12K to new cars and trucks

With President Trump’s big tariffs only a day away, a new report finds huge price increases are coming for Americans looking to buy a new car or truck.

Here are some goods in the crosshairs of Trump's tariffs on Mexico, Canada and China

President Donald Trump was poised to impose 25% taxes on imports from Canada and Mexico Tuesday and to double to 20% his levies on Chinese products. All three countries — America's top trading partners — are threatening retaliation. The United States last year did nearly $2.2 trillion in the trade of goods — exports plus imports — with the countries the president is targeting: $840 billion with Mexico, $762 billion with Canada and $582 billion with China.

Gold Gains as Tariffs Stoke Economic Fears and Dollar Drops

(Bloomberg) -- Gold rose after last week’s sharp correction, with investors weighing the economic outlook as US President Donald Trump prepares to implement import levies against key trade partners.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 B

US manufacturing hit by 'operational shock' of Trump tariffs pushing costs up

Manufacturing activity slowed in February while costs increased and employment contracted as President Trump's tariff policies weighed on the sector.

Pfizer could use existing US manufacturing to counter potential tariff hit

(Reuters) -Pfizer CEO Albert Bourla said on Monday the drugmaker might move overseas manufacturing to its existing plants in the United States, if required, as the Trump administration threatens numerous tariffs on imported goods. A company with an existing manufacturing network in the U.S. will fare better if there is a need to transfer production to the country to avoid tariffs, Bourla said at the TD Cowen healthcare conference. Pfizer has 10 manufacturing sites and two distribution centers in the United States.

Trump set to plow ahead with new tariffs that could surpass what he did in his entire first term

Donald Trump's latest tariff deadline arrives tonight, with potential new duties on America's top three trading partners starting tomorrow morning. The promises could match or surpass the economic toll of his entire first term.

US manufacturing stable, price pressures surge ahead of tariffs storm

WASHINGTON (Reuters) -U.S. manufacturing was steady in February, but a measure of prices at the factory gate jumped to nearly a three-year high and it took longer for materials to be delivered, suggesting that tariffs on imports could soon undercut production. Worries about duties on imports dominated commentary from manufacturers in the Institute for Supply Management (ISM) survey on Monday, with most saying the tariffs being pushed by President Donald Trump against trading partners such as Canada, Mexico and China had created an uncertain operating environment.

Best Buy expected to report further declines in fourth quarter earnings as the chain braces for tariff impact

Best Buy is attempting a turnaround as uncertainty around AI innovation and tariffs remains.

Canadian factory PMI tumbles as tariff uncertainty hits sentiment

"The considerable uncertainty related to tariffs being applied on all goods passing across the Canada-United States border weighed heavily on the manufacturing economy during February," Paul Smith, economics director at S&P Global Market Intelligence, said in a statement. "Output fell noticeably, driven lower by a steeper decline in new orders as product markets, both at home and abroad, were paralysed by concerns over the applicability and size of tariffs in the coming months." U.S. President Donald Trump has proposed 25% tariffs on Mexican and Canadian goods that are due to go into effect on March 4.

China May Hit US Crops in Tariff Response, Global Times Says

(Bloomberg) -- China is considering retaliatory measures on US agriculture and food products in response to tariffs from the Trump administration that are scheduled to take effect on Tuesday, according to the Global Times.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global St

JP Morgan sees copper prices at $11,000/mt in 2026, 10% tariffs by late 3Q25

Following U.S. President Donald Trump's decision to order a national security probe into potential new tariffs on copper imports, the bank said it expects a tariff rate of at least 10% on refined copper and copper product imports to be enacted by late in the third quarter, with a significant risk of a higher tariff rate of 25%. The bank also forecast China's demand growth would slow from 4% last year to 2.5% this year, and added "this remains the greatest downside risk to our forecasted tightening in copper markets". The global refined copper market showed a 22,000 metric ton deficit in December, compared with a 124,000 metric ton deficit in November, the International Copper Study Group (ICSG) report showed.

On Another Tariff Eve, Here Is the Impact to U.S. Autos

After a month’s reprieve, the U.S. autos industry is again staring down 25% tariffs on imports from Mexico and Canada.

Credit Spreads Are Cracking as Investor Nerves Fray Over Tariffs

(Bloomberg) -- Global corporate bond spreads have widened for eight trading sessions in a row, ending a period of remarkable tranquility, as investors start to turn defensive amid fears about the impact of tariffs.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyRemembering the Landscape Architect Who Embraced the CityHow Upzoning in Cambridge Broke the YIMBY MoldNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Ra

Wall St closes lower as Trump sets 25% tariffs, manufacturing data dips

NEW YORK (Reuters) -Wall Street's main stock indexes closed sharply lower on Monday after President Donald Trump announced the start of 25% tariffs on Canada and Mexico, with the S&P 500 posting its biggest daily percentage decline since December 18. Stocks had already slipped after an ISM survey, and they extended losses after Trump said 25% tariffs on Canada and Mexico will go into effect on Tuesday with reciprocal tariffs starting April 2.

Why these companies are lowering prices despite rising inflation and looming tariffs

Inflation is heating up, a trade war is brewing and American consumers aren’t feeling great about the economy. That’s a toxic mix for businesses.

Trump's tariffs threat hits Canada's oil and gas drillers

Canada's oilfield drilling and services sector is already showing signs of slowing due to U.S. President Donald Trump's threatened tariffs, triggering fears that an expected industry rebound could stall if such levies go forward. Activity has improved since 2020, but Trump's threat to impose a 10% tariff on the 4 million barrels per day (bpd) of Canadian crude imported into the U.S. could upend that, industry representatives said. When volatility affects oil markets, oilfield service companies are often the first hit as their oil producer customers look to delay or defer spending.

Factbox-Which car companies are in firing line of Trump's tariffs on Mexico, Canada?

In the first half of 2024, nearly 40,000 vehicles were exported to the U.S., according to Mexico's AMIA. BMW BMW's plant in San Luis Potosi, Mexico, produces the 3 Series, 2 Series Coupe and M2, with nearly all output going to the U.S. and other markets worldwide. FORD Ford has three plants in Mexico.

Exclusive: Honda to produce next Civic in Indiana, not Mexico, due to US tariffs, sources say

Honda has decided to produce its next-generation Civic hybrid in the U.S. state of Indiana, instead of Mexico, to avoid potential tariffs on one of its top-selling car models, according to three people familiar with the matter. The change underscores how manufacturers are scrambling to adapt to U.S. President Donald Trump's proposed 25% tariffs on goods from Mexico and Canada. While several automakers have expressed concerns about the levies, Honda's move is the first concrete measure by a major Japanese car company.

US tariffs will likely dent growth prospects in Central Europe, S&P Global says

U.S. President Donald Trump's proposal to impose 25% tariffs on imports from the European Union is likely to dent growth prospects in Central Europe, compounding existing fiscal challenges, S&P Global Ratings told Reuters. Trump said last week his administration would soon announce the tariffs on goods from the EU, which the Republican leader said had been created to "screw" the United States.

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Live: Trump tariffs set to take effect on Canada, Mexico as Trump says 'no room left' for delay

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US to Slap Tariffs on Crop Purchases as Food Imports Balloon

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Dow tumbles 650 points as Trump confirms tariffs on Mexico and Canada will start Tuesday

Trump Says 25% Tariffs on Canada, Mexico to Go Ahead