Trump administration announces tariffs on Mexico, Canada, and China, leading to market volatility.
President Trump's administration has announced tariffs on trade partners Mexico, Canada, and China, causing market volatility. The tariffs are part of efforts to renegotiate trade deals, though a pause on Mexico and Canada tariffs has calmed markets. Meanwhile, the US Treasury reduced its borrowing estimate and President Trump signed an order to create a sovereign wealth fund. Financial expert Gordon Reid notes the unpredictable nature of equity markets, citing the emergence of a new Chinese AI model, DeepSeek, and picks top stocks like Amazon, Bank of America, and Chubb for growth potential.
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