Trump to Hit Canada, Mexico With 25% Tariffs on Saturday
Posted: Jan 30, 2025
- President Trump is considering imposing 10% tariffs on China
- Trump threatened to impose 25% tariffs on Canada and Mexico on Feb 1
- Trump is deciding whether or not oil will be exempt from tariffs
- Potential impact on stocks: $F, $GM, $TM, $TSLA, $LCID, $OIL, $BP, $XOM
- Trump's tariffs could affect US automakers and energy sectors
- Trump considers imposing sectoral tariffs on various industries
- Canada and Mexico could retaliate with their own tariffs
- Potential economic consequences could include market volatility and global trade war
What do people on Reddit think?
🚨 Reddit sentiment: negative - The overall sentiment is negative due to concerns about economic impact, inflation, diplomatic relations, and trade fairness stemming from the tariffs. Summarized comments: - Tariffs are seen as a negotiation tactic that might not work in the long run - Concerns about economic impact on buying goods like homes and potential increased costs - View that the tariffs might push US allies towards aligning with China - Criticism of Trump's understanding of tariffs and their economic impact - Concerns about potential inflation impacts on US economy - Criticism of perceived unfair treatment of trade relations with Canada
Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!