U.S. President Donald Trump holds an executive order in the Oval Office, at the White House in Washington, D.C., U.S. March 6, 2025.
Evelyn Hockstein | Reuters
U.S. President Donald Trump expanded his tariff pause to goods coming in from Canada and Mexico, so long as they satisfy terms of the United States-Mexico-Canada Agreement, a trade deal between all countries.
Unlike Trump’s Wednesday reprieve to automakers, which bumped up stocks, investors weren’t relieved this time. All major U.S. benchmarks sank, with the Nasdaq Composite limping into correction territory and losing its post-election Trump bump.
That might be because the Trump administration seems to be doubling down on tariffs, even as it acknowledges — and dismisses — the repercussions of such levies.
Trump brushed off the idea that he’s watching the markets, causing dismay in investors who were banking on the “Trump put,” the idea that the current president would…
