Breaking news: Markets fall after new Trump tariffs prompt retaliation

The tariffs could strain supply chains, add costs for U.S. consumers and test diplomatic ties.

View in browser March 4, 2025, 10:02 a.m. ET BREAKING NEWS Rory Doyle for The New York Times Markets Fall After New Trump Tariffs Prompt Retaliation China and Canada immediately announced retaliatory tariffs, and Mexico said it would announce its own measures on Sunday. The tariffs could strain supply chains, add costs for U.S. consumers and test diplomatic ties. Follow live updates More coverage Here's how Americans feel about tariffs. → A key interest rate fell, but not for the reasons President Trump wanted. → Social Security and sex robots: Elon Musk veered off script during an interview with Joe Rogan. → Need help? Review our newsletter help page or contact us for assistance. You received this email because you signed up for Breaking News from The New York Times. To stop receiving Breaking News, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings. To opt out of updates and offers sent from The Athletic, submit a request. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018