Market Rebounds After Tariff Pause
Monday started with a market slump as new U.S. tariffs on Canada, Mexico, and China sent shockwaves through investors. The Dow fell 150 points, the S&P 500 dropped 0.7%, and Nasdaq slid 1%. However, the market rebounded slightly after Trump announced a one-month pause on Mexico’s tariffs following discussions with President Claudia Sheinbaum. Despite this temporary relief, auto stocks took a hit—GM fell 2%, Ford lost 1.3%—signaling concerns over supply chain disruptions. Global markets followed suit, with Japan’s Nikkei and Europe’s STOXX 600 also taking losses.
Canada wasted no time in responding, vowing retaliation. Canada plans a 25% tariff on $155 billion worth of U.S. goods. The White House’s tariffs, set to take effect Tuesday, could drive up costs on everything from tequila to gasoline. With the risk of counter-tariffs, U.S. exporters may struggle to stay competitive.
TLC is staying ahead of the trade shifts, ensuring that our partners have cost-effective, adaptable freight solutions.If your supply chain crosses these borders, reach out to us to strategize for minimal disruption.
Click Here to read more!
