US President Donald Trump has said he will proceed with tariffs on Canada and Mexico next month and tighten Chinese investment rules in the US. Market sentiment soured as risk-off prevailed.
Speaking at a White House press conference, President Trump said the delayed tariffs on Canada and Mexico would go forward next month. The pledge came on Monday after he signed a memorandum telling a government committee to curb Chinese spending on tech, energy, and other strategic American sectors. Both actions are risking an escalation of a potential global trade war, pressuring global market sentiment.
Trump will proceed with tariffs on Canada and Mexico
“The tariffs are going forward on time, on schedule”, Trump responded to reporters when asked if he would proceed with the delayed tariffs on Canada and Mexico. Trump originally announced a plan to impose 25% tariffs on Canada and Mexico, and 10% levies on Canadian…
