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Salon

Politics

Alex Galbraith

Canada, Mexico tariffs scare market

Donald Trump Karoline Leavitt Mexico Canada White House Acyn United States

Donald Trump's promised tariffs on Canada and Mexico won't go into effect until Saturday, but they're already having a noticeable effect on the U.S. economy.

All three of the most popular stock indices fell in the wake of White House Press Secretary Karoline Leavitt's announcement of the 25% tariffs on imported goods on Friday. Per CNBC, the overall market index fell by half a percent. The Dow Jones Industrial Average has tumbled by more than 300 points as of this writing.

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