Nasdaq confirms correction amid US trade policy uncertainty
President Donald Trump announced on Thursday that goods from Canada and Mexico covered by the U.S.-Mexico-Canada trade agreement (USMCA) will be exempted for a month from the 25% tariffs imposed earlier this week. The development comes a day after Trump exempted automotive goods from the tariffs.
Trump had earlier only mentioned an exemption for Mexico, but later signed an amendment to his order that now covers Canada as well.
«The fog of confusion is getting thicker by the moment unfortunately,» said Mark Malek, chief investment officer at SiebertNXT in New York.
«We are getting a lot of just different conflicting information: tariffs are on, tariffs are off, some tariffs are off and so forth.»
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