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Trump Slaps Sweeping Tariffs on China and Mexico

Source: nytimes.com

President Trump announced new tariffs on imports from China and Mexico during a White House speech today.
The tariffs include 25% on Chinese goods and 10% on Mexican vehicles, effective next month.
Markets dropped sharply, with the Dow falling over 500 points in response.

President Trump unveiled aggressive new trade tariffs targeting China and Mexico in a live address from the White House. Key officials like Commerce Secretary Howard Lutnick and trade adviser Peter Navarro joined him to outline the policy aimed at protecting American jobs. The move escalates ongoing trade tensions and could raise consumer prices, directly affecting everyday Americans and global supply chains.