Major Stock Markets Down

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Business & Economics

Stocks fall after Trump confirms Mexico, Canada tariffs are set to begin

Summary

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All three major American stock markets have closed down for the day after President Trump took questions about tariffs going into effect tomorrow against Mexico and Canada and new tariffs coming against China .

CBS News Money Watch correspondent Kelly O'Grady joins us now in Studio 57 to talk about this.

Analysts say this is not something where we're entering a stock market crash yet.

The other piece of this, the EU doesn't tariff US goods per SE, but they do tax them. In some ways, it's honestly it's just a little bit of a difference in nomenclature. But the president is looking at that as a tariff. And so you could also see the European Union targeted with those reciprocal tariffs. OK, Kelly O'Grady , thanks for joining us to break it all down..

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informal

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English

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