US markets under pressure as Trump targets Canada with new tariffs

美国市场受压,特朗普新设关税直指加拿大

World Business Report

新闻

2025-03-12

26 分钟
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As Donald Trump announces plans to double tariffs on Canadian steel and gas, we take stock of how the US markets are reacting. Tesla shares are taking a big hit—but is this about broader challenges facing electric vehicle makers, or fallout from Elon Musk’s political moves? We’ll also head to Greenland, where voters are going to the polls amid renewed interest from President Trump in buying the Danish territory. And one of the world’s biggest sports franchises Manchester United, is planning a new 100,000-seat stadium—but with questions over financing, can they make it work?
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  • I'm Roger Hearing.

  • And on this edition, the latest on US Share markets.

  • After Monday's plunge caused by fears of America's economic future,

  • Tesla takes one of the biggest dives.

  • So is that down to the headwinds on the whole electric vehicle industry or Elon Musk's politics?

  • We'll hear from Greenland as the Danish territory holds elections

  • under the shadow of the US President's bid to take it.

  • Why Lego is building even higher, bucking the trend in global toy sales.

  • And and one of the world's biggest sports franchises is getting a new 100,000 seater home.

  • But can they afford it?

  • Manchester United would have run out of.

  • Cash by the end of this year.

  • By the end of 2025, after me.

  • Having put $300 million in.

  • But first, let's see what's been happening on the US Share markets.

  • But before that, let's just catch up on the latest on tariffs because within the past hour,

  • Donald Trump's doubled the tariffs he's threatening on Canada's steel and gas exports.

  • Well, joining me, our North America business correspondent, Erin Delmore.

  • Erin, thanks for being with us.

  • First of all, what has Donald Trump said?