GBP/NPR Price & Performance (GBPNPR)

U.S. markets faced another downturn as new tariffs on Canadian steel and aluminum imports, announced by former President Trump, raised investor concerns. The Dow Jones dropped 670 points, while the S&P 500 and Nasdaq also declined. Economists warn these measures could heighten recession risks and further destabilize corporate confidence.1

Investors are increasingly wary as tariff hikes on Canadian imports fuel fears of a potential recession. Major U.S. corporations, including airlines, are revising forecasts due to declining consumer confidence. Financial analysts caution that ongoing instability may lead to reduced hiring and capital investment, intensifying economic headwinds.1

Executives from leading U.S. companies plan to discuss tariff-related challenges directly with former President Trump during a Business Roundtable meeting. Retailers and airlines have already warned of higher costs and lowered forecasts, as the impact of increased tariffs ripples through the economy.1