Immediate price declines after announcement tariffs on Canada, Mexico, China to be placed beginning 2/1/25.
Fox News hosts were in damage control after the Dow fell over 200 points after Donald Trump’s announcement that tariffs against Mexico, China and Canada would begin on Feb. 1.
Anchor Sandra Smith called the drop “not a huge sell-off, but certainly a reaction.”
“Well they’ve still got 10 hours to try and avoid tariffs,” anchor John Roberts said. “I wouldn’t be surprised if the president hears from Canada and hears from Mexico. Maybe he gets a call from his friend Xi Jinping.”
Karoline Leavitt, the White House press secretary, said Trump would impose a 25 percent tariff on Mexico and Canada, as well as a 10 percent duty on China because of “the illegal fentanyl that they have sourced and allowed to distribute into our country.”
“These are promises made and promises kept by the president,” Leavitt said at a press conference Friday.
Fox Highlights Big Market Drop After Trump’s Tariff News
Fox News hosts were in damage control after the Dow fell over 200 points after Donald Trump’s announcement that tariffs against Mexico, China and Canada would begin on Feb. 1.
Anchor Sandra Smith called the drop “not a huge sell-off, but certainly a reaction.”
“Well they’ve still got 10 hours to try and avoid tariffs,” anchor John Roberts said. “I wouldn’t be surprised if the president hears from Canada and hears from Mexico. Maybe he gets a call from his friend Xi Jinping.”
Karoline Leavitt, the White House press secretary, said Trump would impose a 25 percent tariff on Mexico and Canada, as well as a 10 percent duty on China because of “the illegal fentanyl that they have sourced and allowed to distribute into our country.”
“These are promises made and promises kept by the president,” Leavitt said at a press conference Friday.
