Stocks fell sharply Monday — and continued their slide Tuesday — after President Trump said he would make good on his promise to impose 25% tariffs on Canada and Mexico, which went into effect today.
Both countries have announced retaliatory measures.
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Here's how local consumer-goods companies — such as TJX Cos., Wayfair, Chewy and Acushnet — are faring in the latest market volatility.
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The Trump administration has added tariffs of 25% to goods from Mexico and Canada (Canadian energy products have a 10% duty added) and 10% to goods from China, leading to retaliatory tariffs. Experts explain how the costs will impact your wallet, on things like the cost of groceries, alcohol and fuel.
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