On Thursday, U.S. stock markets saw a notable decline as investors grew concerned about the economic impact of new tariffs announced by the Trump administration, targeting imports from Canada, China, and Mexico. The U.S. Commerce Secretary indicated that exemptions for USMCA-compliant goods might be announced soon, following the imposition of a 25% tariff on most goods from Mexico and Canada. The tariffs led to immediate market reactions, with significant drops in the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite, reflecting investor apprehension about potential slowed economic growth.
