Tariffs Rock U.S. Economy

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The Par Montana refinery along the Yellowstone River that processes crude oil from western Canada is seen, Wednesday, Feb. 26, 2025, just outside Billings, Mont. (AP Photo/Matthew Brown)
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(AURN News) — Wall Street reacted negatively Monday after President confirmed that new tariffs against and Mexico will take effect at midnight Tuesday, sending stocks downward. Bitcoin prices also declined following the announcement.

The confirmation comes months after the Trump administration proposed tariffs in January. The original proposal included a 25% on Canadian goods, a 10% levy on Canadian imports, and a 10% tariff on Chinese goods.

Trump made the announcement while also promoting new investment opportunities for the country. The tariffs are scheduled to begin at midnight Tuesday.

Click play to listen to the AURN News report from Jamie Jackson:

Jamie Jackson is an Emmy-nominated television and radio broadcaster who has served American Urban Radio Networks since 2015. He previously covered the Obama and Trump administrations as a White House Correspondent and Pool Reporter for AURN News. Jamie hosted a national PBS television special in 2023 and over the years has worked as a TV news anchor and local NPR host for stations across the country. His work has been honored by numerous organizations, including the NAACP and the Virginia Farm Bureau.

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