Part 1/7:
Market Reactions to Trump's Tariff Pledges
The financial market landscape experienced significant tremors recently due to President-elect Donald Trump’s commitment to implement hefty tariffs on major trading partners of the United States. The proposed policies included a 25% tariff on imports from both Canada and Mexico, along with an added 10% tariff on imports from China. This news has not only affected the stock prices of automotive giants in both the United States and Europe but has also raised apprehensions regarding a potential global trade war.