President Trump announced that 25% tariffs on goods from Mexico and Canada will take effect, causing market instability and sharp declines in stocks. Automaker shares fell due to the expected disruption in supply chains and increased vehicle prices. Mexico and Canada plan to respond to these tariffs with countermeasures. President Trump announced that 25% tariffs on goods from Mexico and Canada will take effect, causing market instability and sharp declines in stocks. Automaker shares fell due to the expected disruption in supply chains and increased vehicle prices. Mexico and Canada plan to respond to these tariffs with countermeasures. Economic Times
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