Trump Tariffs Spark Market Concerns
U.S. President Donald Trump said on Sunday that the sweeping tariffs imposed on Mexico, Canada, and China could cause short-term pain for Americans. Global markets reacted negatively, with U.S. stock futures falling and oil prices rising. Trump plans to talk with leaders of Canada and Mexico but does not expect a change in his stance. Critics argue the tariffs will slow global growth and increase prices for Americans. Trump defends the tariffs as necessary to curb immigration and narcotics trafficking and boost domestic industries. The new tariffs are set to take effect on Tuesday, potentially sparking a trade war.