The S&P 500 rises 0.57 percent after US president-elect’s tariff announcements roil European and Asian markets. US stocks have hit record highs despite United States President-elect Donald Trump’s pledge to impose sweeping tariffs that threaten to upend international trade. Some big-name individual stocks fell, including General Motors and Ford Motor, both of which import vehicles from Mexico, a target of …
President-elect Donald Trump threatened on Monday to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs. “On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff …