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Tariffs Trip Up Stock Rally as White House Quashes Delay Hopes

Pledge for punitive duties on Canada, China, Mexico adds to upward pressure on inflation and interest rates.

AP/Seth Wenig
Traders work on the floor at the New York Stock Exchange, January 29, 2025. AP/Seth Wenig
MITCHELL MARTIN
MITCHELL MARTIN

With blanket American tariffs on Canada, China, and Mexico set to come into force Saturday against a background of already-stubborn inflation, stock prices slid in the final hour of Wall Street trading Friday.

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MITCHELL MARTIN
MITCHELL MARTIN

Mr. Martin is a journalist specializing in business, finance, and economics. He has worked for Forbes, the International Herald Tribune, and United Press International.

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