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Tariffs in effect, markets react, Target's warning: 3 Things
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President Trump's 25% tariffs on goods from Canada and Mexico, alongside a 20% tariff (raised from 10%) on imports from China, went into effect overnight. Canada and China are already planning their own retaliatory tariffs.
US stock futures (ES=F, NQ=F, YM=F) are in the red in Tuesday's pre-market on this tariff news, following Monday's sell-off as the market transitions into the final month of 2025's first quarter.
Target (TGT) is in deeper focus as the retailer reports a fourth quarter earnings beat while warning on tariff impacts going forward.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
This post was written by Luke Carberry Mogan.
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