Stocks plunged Thursday, turning in their worst performance since early in the Covid pandemic, as market participants reacted to President Donald Trump's announcement of wide-ranging tariffs against nearly all U.

Carney, a former two-time central banker in Canada and the UK, said Trump’s actions will reverberate in Canada and across the world.

Shares of some of the world's biggest automakers appeared surprisingly resilient on Thursday, even after U.S. President Donald Trump's 25% tariffs on foreign auto imports came into effect. Analysts and economists said the relatively muted response from autos stocks could be partly attributed to an exemption for Canada and Mexico from Trump's highly anticipated "reciprocal" tariffs announcement.

However, over the past six months, Tesla stock price has gained 17.5%. On a one-year basis, Tesla shares have surged 68%.

Anderson Economic Group says the impact of auto tariffs on U.S. consumers could be $30 billion in the full first year.

Canadians are bracing alongside other geopolitical partners as President Donald Trump prepares to unleash his next round of tariffs in what he is calling "liberation day."

Senate Democratic leader warns trade war could cost families $6,500 per year, endanger 16,000 jobs in the Syracuse area.

Trump has dubbed April 2 "Liberation Day," as he plans to roll out new tariffs. However, the new tariffs could have negative impacts in Louisiana.