Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory recently, marking a stunning rebound from the collapse triggered by his “Liberation Day” reciprocal tariffs in April.

Cruise operators have fought hard against the plan, arguing they drop off passengers who patronize Mexican businesses.

Wall Street's main stock indexes tumbled late Monday to end sharply lower after President Donald Trump announced the start of 25% tariffs on Canada and Mexico.

The Washington Post reported that U.S. stocks fell Friday after Trump threatened Canada with 35 percent tariffs, although a Post business report suggested that Wall Street has largely tuned out Trump’s threats on the assumption that he will back away from his most devastating policy positions.

A trade war. A real war with bombs dropped in the Middle East. A barrage of insults hurled by the president of the United States at the head of the Federal Reserve.

The major stock indexes closed lower on Monday, but partly recovered from initial steeper losses as U.S. President Donald Trump delayed tariffs on Mexico after his orders to levy tariffs on three ...

Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I'm David Westin, and this week one of ...

Wall Street faced a challenging start to the week as the Nasdaq, Dow Jones, and S&P 500 all lost value on Monday.