Tesla, Inc. (NASDAQ:TSLA) shares are trading lower on Monday following President Donald Trump’s announcement that tariffs on all products from Canada, Mexico and China will take effect on Tuesday.
The Details: According to CNN, Trump imposed a 25% tariff on all imported goods from Canada and Mexico, along with an additional 10% tariff on goods from China. Energy exports from Canada, however, will be subject to a reduced tariff of 10%.
Trump has since paused his tariffs on Mexico for a month after Mexican President Claudia Sheinbaum agreed to send troops to the border, per CNBC.
The tariffs are expected to impact ...