Investing.com — Wall Street is seen slipping slightly lower Tuesday after Donald Trump brought up the potential for more stringent trade tariffs in January as he enters the White House. Investors will also be studying the minutes from the last Fed meeting, while Rumble has announced plans to purchase a large chunk of Bitcoin.
1. Trump threatens to impose tariffs straight away
Donald Trump raised the specter of a global trade war when he took to his platform Truth Social late on Monday to threaten 25% tariffs on Mexico and Canada when he returns to the White House if they don’t better control their borders.
President-elect Trump also threatened to slap an additional 10% tariff on all Chinese imports when he takes office on Jan. 20, adding that he would impose the tariffs until Beijing stops the flow of illegal drugs, particularly fentanyl, into the United States.
The Chinese Embassy in Washington responded by saying neither…
