On Friday, the Dow Jones Industrial Average experienced a notable decline following the Trump administration's announcement of tariffs on Mexico, Canada, and China. The tariffs include a 25% charge on both Mexico and Canada, and 10% on China, effective imminently. This news prompted a decline of over 200 points in the Dow. White House Press Secretary Karoline Leavitt's briefing confirmed previously discussed tariffs, which many view as a potential catalyst for broader economic repercussions. The market's reaction underscores apprehension about international trade relations and potential price shocks.
This press briefing just now was confirmation that the tariffs will go into place tomorrow for Mexico, Canada and China.
Remember, this was put into place weeks ago, the February 1st deadline. She said promises made, promises kept.
If you pop up the big board, you'll see right about the time she confirmed that these will begin tomorrow, shortly after the 1:00 Eastern Time hour.
Well, they have still got ten hours to try to avoid tariffs before they snap into place at 12:01 a.m.
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