President-elect Donald Trump says he would enact a 25% tariff on products from Mexico and Canada on his first day in office, as well as 10% tariffs on Chinese-made products; U.S. stock futures are little changed as investors digest the tariffs vow; Kohl’s (KSS) stock is sinking on weak results and news its CEO will be stepping down; Zoom Communications (ZM) shares are down despite better-than-expected quarterly results; and Intel (INTC) receives nearly $7.9 billion in CHIPS Act funding but Qualcomm reportedly has cooled on the idea of acquiring the chipmaker. Here’s what investors need to know today.
President-elect Donald Trump said he would impose tariffs on products coming into the country from Mexico, Canada, and China, reflecting his intention to fulfill a campaign promise. In a post on his Truth social media site, Trump said on Jan. 20, 2025, the first day of his presidency, …