While the reaction in US stocks was muted, global equities were rattled. Markets are wondering if Trump's threats are mainly a negotiating tactic.

President-elect Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States. On Monday, Trump sent shockwaves across the nation's northern and southern borders,

Nov 25 (Reuters) - U.S. President-elect Donald Trump said on Monday he would sign an executive order imposing a 25% tariff on all products coming in to the United States from Mexico and Canada.

Canada is Mississippi's largest trading partner and Mississippi would likely feel negative impacts from a 25% tariff on all goods coming from Canada.

Mexico is the top U.S. trading partner, and Canada is not far behind. Mexico’s president has vowed to retaliate with her own tariffs on American goods.

Mexico has had a more fractious relationship with the US but the trilateral US-Mexico-Canada trade deal has held together. China may be the known adversary but local stock markets shrugged off Trump’s late-night social media post;

The Bank of Canada said on Tuesday that if U.S. President-elect Donald Trump follows through on his threat of tariffs on Canada, it would have an impact on both economies and the central bank would incorporate those into its economic forecasts.

The US heavily taxed imports for much of its history before largely abandoning the policy, beginning in the 1930s, as government leaders embraced the idea of free trade. Tariffs made a comeback during the 2017-2021 presidency of Donald Trump,