The U.S. stock market is still swinging Thursday, even after getting a double-shot of encouraging news on the economy. President Donald Trump keeps upping the stakes in his trade war, with his most recent threat to tax wines and other alcohol coming from Europe.

US corporate bonds issued by riskier borrowers are sliding as concerns rise that President Donald Trump’s tariffs will knock the American economy. The spread — or additional borrowing cost relative to US Treasuries — paid by junk-rated US companies has jumped by 0.

Canada and Mexico A 25% import tariff on goods from Mexico and Canada took effect March 4, with an exception for energy products and potash, which received a 10% tariff. The next day, the Trump administration suspended those tariffs until April 2 for autos eligible for duty-free trade under the U.

On the very day he was inaugurated, Trump announced plans to impose 25% tariffs on Mexico and Canada. First, they were postponed for 30 days. Then, they went into effect on March 4, only for Trump to decide a couple of days later to halt tariffs on many imports from Canada and Mexico for one month.