President-elect Donald Trump engaged with CNBC’s Jim Cramer at the NYSE, unveiling a new economic strategy aimed at achieving “Every Day Lower Prices.” This approach mirrors that of Walmart and is set against the backdrop of impending tariffs that are expected to impact stock prices significantly.

As tariffs on imports from Canada and Mexico are introduced, both countries have pledged to retaliate, leading to renewed pressure on Wall Street. The U.S. stock market has already experienced notable declines as a result of these developments.

Furthermore, a new 10% tariff on Chinese imports has been enacted, compounding existing duties. This escalation presents immediate challenges for major U.S. companies, particularly Apple, which may struggle to expand its AI operations in China.

📎 Related coverage from: cnbc.com