The U.S. stock market was sinking further Tuesday after Trump said he would double tariffs on Canadian steel and aluminum, continuing a more than week-long downward trend.
U.S. President Donald Trump's chaotic policies have also left the American economy reeling. The uncertainty is already putting upward pressure on prices – despite the president's earlier promise to make life more affordable for Americans. Heather Yourex-West looks at the growing frustration stateside.with Canada and the impact it’s having on markets and retirement savings, claiming any short-term pain will eventually lead to long-term “prosperity.
The drops extend a sell-off on Wall Street that has taken investors on a scary ride, fueled by worries about how much pain Trump will allow the economy to endure through tariffs and other policies intended to remake the country and world.Snowbirds, take note: The U.S. says these foreign nationals must registerHope, confusion for Sask. alcohol producers amidst U.S. trade warCanadian markets have also been impacted. The S&P/TSX composite index was down 58.39 points at 24,322.
Trump is under pressure to show he has a legitimate plan to grow the economy instead of perhaps pushing it into a recession. He’s set to deliver a Tuesday afternoon address to the Business Roundtable, a trade association of CEOs that he wooed during the 2024 presidential campaign with the promise of lower corporate tax rates for domestic manufacturers.
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