US President Donald Trump announced the implementation of 25% tariffs on Mexico and Canada set to take effect at 0501 UTC on Tuesday, following a previously ordered 30-day delay. Trump expressed his firm stance by stating, "No room left for Mexico or for Canada." His announcement led to a sharp decline in US stocks, reflecting investor anxiety regarding the economic impact of these tariffs. Moreover, Trump indicated that reciprocal tariffs on countries levying duties against US products would be enacted on April 2, intensifying trade tensions.
US President Donald Trump announced that the previously delayed 25% tariffs on Mexico and Canada will take effect following a 30-day postponement. "No room left for Mexico or for Canada," Trump emphasized, solidifying the administration's stance on trade relations.
Following Trump's remarks about the impending tariffs, US stocks experienced a notable decline, signaling investor concern over the potential economic implications of the tariffs and trade tensions.
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