Trump the Tariff Man has struck, unsettling a ginned up Wall Street that had expected 2025 to be a year of strong economic growth and further big gains for hot AI trades such as darlings Nvidia (NVDA) and Microsoft (MSFT).
The Trump administration levied tariffs of 25% on Canada and Mexico and 10% on China on Saturday, citing issues like fentanyl and illegal immigration.
Trump tariffs rattle Wall Street comes via ChinaTechNews.com.