President Trump's announcement of tariffs on goods from Mexico, Canada, and China sent shockwaves through global markets, causing significant declines in stock indices and a flight to safe-haven assets. Investors are closely monitoring the situation, with some viewing the dip as a buying opportunity while others anticipate sustained volatility if the trade conflict escalates.
A new trade war is here, and investors are already feeling the pinch. President Donald Trump on Saturday announced a 25% tariff on goods from Mexico and Canada, and unveiled a 10% levy on Chinese imports. The news sent global stock market s tumbling . S & P 500 futures were last down more than 1.5%. Europe's Stoxx 600 index slid more than 1% as well, while the Japanese Nikkei 225 dropped 2.7% overnight. The U.S. Treasury note yield shed about 6 basis points to around 4.
Canada Goose and Ford Motor dropped more than 4% each in early trading Monday, while Dick's and Nike pulled back by 3.8% and 2.4%, respectively. Lowe's , another stock highlighted as vulnerable by Goldman, lost 2%. To be sure, some on the Street expect these headwinds to be short lived. Tom Lee, long time market bull and head of research at Fundstrat Global Advisors, called Monday's pullback a buying opportunity.
TRADE WAR TARIFFS STOCK MARKET INVESTORS GLOBAL ECONOMY
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