Food and Wine Food and Wine

Stock Market Today: Trump Tariff Worries Pressure Stocks


Published on 2025-01-31 17:21:09 - Kiplinger
  Print publication without navigation

  • Stocks swung lower Friday after the White House confirmed it will impose tariffs on Mexico, Canada and China beginning tomorrow.

The article from Kiplinger discusses the impact of former President Donald Trump's tariff proposals on the stock market. Trump suggested implementing a 10% tariff on all imports and a 60% tariff on Chinese goods if he were to return to office, which led to a decline in stock prices. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all experienced drops, with the Dow falling 237 points or 0.6%. Investors were particularly concerned about the potential for higher inflation and retaliatory measures from trading partners, which could disrupt global trade. Additionally, the article mentions other market influences like the Federal Reserve's interest rate decisions, with expectations leaning towards a pause in rate hikes, and economic indicators like the upcoming jobs report which could sway market sentiment further.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/stock-market-today-trump-tariff-worries-pressure-stocks ]