Wall Street opened in red this Monday in the first session of the New York Stock Exchange After the announcement of 25 % tariffs that the president of the United States, Donald Trump, has imposed on Mexico and Canada productsas well as 10 % for imports from China, and will come into force on Tuesday.
Sheinbaum, Trump and Trudeau Photo:EFE
At the touch of bell, the Dow Jones of Industrials lost 1.08 %, to 44,061 points (a fall of 482 units with respect to the closing of Friday); The selective S&P 500 did the same in -1.35 %, until 5,959 units, and the Nasdaq technological one cheated 1.65 %, up to 19,311 points (315 less than in the last session).
Automobile manufacturing companies were some of the most affected at the start of the day start: General Motors (-5.66 %), Stellantis (-5.29 %) or Ford (-3.85 %), as well as technological supply companies for vehicles such as APTIV (-8.85 %) or engines or that of engines Cummins (-2.7 %). For its part, Tesla also collapsed around 6 %.
Trump acknowledged this Sunday that tariffs They will cause “pain” to the United States, but justified them that the result “will deserve the price to pay.”
“Will there be any pain? Yes, perhaps (and maybe not!). But we will his three greatest partners to “make their product in the USA and there will be no tariffs.”
Donald Trump Photo:EFE
Likewise, the Canadian Prime Minister, Justin Trudeau, reported this weekend that Canada will adopt reprisals and will also tax 25 % to US products.
While the Mexican president, Claudia Sheinbaum, said Saturday in a public act that the imposition of tariffs does not worry Because “Mexico’s economy” is very strong, very solid, “despite the fact that his country’s exports to the US were almost 30 % of Mexican GDP in 2023, according to the Mexican Institute of Competitiveness (IMCO).
The tariffs to Mexico and Canada -países to whom Trump accuses of not controlling her border in her migratory flows or in drugs such as fentanyl – thus torpedo -the free trade agreement between the three US countries existing for 30 years.
All this context of uncertainty is generating in the fears of a commercial war that would interrupt global supply chains and could rekindle inflation, decelerating the economy of the nations involved.
Among other companies that noticed the ravages in the opening of Trump’s new tariff policy There are also constellation brands, a large importer of alcohol from Mexico, which fell 5 %, or Chipotle, who receives avocados from Mexico, whose shares lost approximately 2 %.
This week also more than 120 companies of the S&P 500 are ready to report their results. Photo:
This week also more than 120 companies of the S&P 500 are ready to report their results, including Alphabet, Amazon or Palantir technological.
In addition, the January non -agricultural payroll report will be published on Friday and Economists surveyed by Dow Jones expect 175,000 jobs to be added last month.
As for the sectors, the ones that fell most at today’s start were the technological (-2.8 %) and that of non-essential goods (-2.77 %), followed by the industrial (-1.92 %) and the financial (-1.85 %).
Among the 30 largest Dow highlighted the rise in Procter & Gamble (1.67 %) and Verizon (0.85 %), with the highest losses for NVIDIA (-5.09 %), Nike (-4.28 % ), Apple (-3.43 %) and Caterpillar (-2.72 %).
(Tagstotranslate) Wall Street (T) Interporational (T) World today United States
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