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Wall Street opened lower on Monday following a worldwide selloff driven by concern that U.S. President Donald Trump's tariffs on Canada, Mexico and China are just the opening salvo in a global trade war that would curb economic growth. The Russell 2000 index of small cap stocks - viewed as major beneficiaries of Trump's policies - fell almost 1%. Britain's FTSE 100 fell 1.4%, while the pound dropped 0.3% after Trump told reporters on Sunday that while the country was "out of line" when it came to trade, it may be able to avoid tariffs.

President Donald Trump's announced tariffs on Mexican imports sent shares of Constellation Brands tumbling Monday morning.

The company plans affiliate offices across Switzerland, Hong Kong/Greater China, Canada and South America.

Tender rejection rates have held above 7% throughout January and the spread between spot and contract continues to narrow. The post Market stable to close January; tariffs signal wild ride for February appeared first on FreightWaves.

Tesla lost market share in Sweden and Norway in January, car registration data showed on Monday as the U.S. electric vehicle maker faces a test of popularity following billionaire CEO Elon Musk's high-profile foray into politics. A total of 405 new Teslas were registered in Sweden last month, down 44% from January of 2024, while registrations in Norway fell to 689, a decline of 38% over the same period, despite soaring overall demand for cars in the two countries. While Tesla's Model Y crossover SUV was the most sold car in both of the two Nordic countries in 2024, the group's image has taken a hit in recent weeks, a market sentiment survey by Sweden's Novus Group found according to Swedish news agency TT.

Few signs have emerged since Donald Trump announced tariffs targeting America's largest trading partners that any force outside of the president himself will be able to reverse his decision.

Over the weekend, President Trump announced new tariffs on imports from the U.S.’s top trading partners—Canada, Mexico, and potentially China—triggering a decline in the cryptocurrency market.

Automakers, beer brewers and nuclear power companies led declines in a broad equity pullback on Monday after the U.S. hit Mexico, Canada and China with sweeping tariffs, stoking worries that an all-out trade war could cripple growth and corporate profits. Investors sold stocks and bought dollars on Monday, as they assessed the risks of a trade war after Donald Trump imposed tariffs on top U.S. trading partners. Executives on earnings calls have said Trump's shifting plans for tariffs could disrupt world trade and prompt some companies to move production to the U.S. The sectors most affected by new tariffs by far are auto and auto parts, which accounted for $129 billion worth of imports from ...

Businesses are heading into 2025 with lean inventories and high demand from consumers. The post Truckers don’t need to worry about the economy appeared first on FreightWaves.

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