President Donald Trump’s weekend announcement of tariffs on Mexico, Canada and China translated into a shock for market-based inflation expectations, prompting traders to now expect an annual headline rate from the consumer-price index that’s closer to 3% for much of 2025.

The Trump administration’s proposed tariffs jolted global markets Monday, driving huge swings in stocks around the world. President Trump’s weekend threat to place tariffs on goods imported from Mexico,

Cryptocurrency prices slid on Monday as the risk of a trade war spooked investors and caused a selloff across financial markets.