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Stocks of GM and Ford took a hit, amid concerns that Trump's plan for tariffs on imports from Mexico and Canada could cut auto sales more than a million cars.
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Stock futures are flat as traders assess new Trump tariff threats: Live updates CNBCTrump Fires Salvo on North American Trade Pact The Wall Street Journal'Devastating': Ontario chief leads Canadian criticism of Trump tariff plan BBC.comWhat the U.S. imports from Canada, Mexico and China, as Trump vows tariffs The Washington PostTrump says he will quickly impose tariffs of 25% on goods f
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President-elect Donald Trump said he would impose the import tariffs — 25 percent for Canada and Mexico and 10 percent for China — as soon as he takes office.
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Bond yields inched higher after a pledge by president-elect Donald Trump to quickly impose tariffs on Mexico, Canada and China rattled markets.
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The president-elect said that he would impose the across-the-board tariffs on Day 1 and that they would stay in place until the three countries halted the flow of drugs and migrants.
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