New Trade Regulations Roil the Markets

The US equities markets were volatile today as traders pondered the impact of new trade regulations introduced by the United States today. The White House decided to go ahead and remove some tariff exemptions that were originally agreed to earlier. As a result, the European Union, Mexico and Canada have all expressed clear opposition to the new tariffs. Clearly this was unexpected by the markets, and also calls into question the reliability of statements made by various members of the current administration. Here’s what to expect.