Tariff-exposed stocks feel the squeeze as trade war heats up

U.S. stocks faced significant pressure following the latest escalation in the trade war, with new tariffs on imports from Canada and Mexico impacting sectors like automobiles, aerospace, retail, and housing. Automakers, homebuilders, and airline stocks notably declined, while retaliatory tariffs by Canada and China add further strain on U.S. businesses. U.S. stocks faced significant pressure following the latest escalation in the trade war, with new tariffs on imports from Canada and Mexico impacting sectors like automobiles, aerospace, retail, and housing. Automakers, homebuilders, and airline stocks notably declined, while retaliatory tariffs by Canada and China add further strain on U.S. businesses.  Economic Times