Family offices rattled by market swings and tariffs

NBC News

Summary

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U.S. President Donald Trump on Wednesday exempted automakers from his stringent tariffs on Canada and Mexico for one month, as long as the companies complied with the terms of an existing free-trade agreement.
Reuters
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While most S&P 500 sectors advanced, the materials sector led gains with a 2.63 percent increase, followed by consumer discretionary and industrials at 1.75 percent and 1.5 percent, respectively.
XinhuaNet
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The S & P 500 was down 1.3% on Thursday alone, and all three major averages were down roughly 3% so far this week on the implementation of tariffs on Mexico, Canada and China.
CNBC
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Just after midnight, Trump imposed 25% taxes, or tariffs, on Mexican and Canadian imports, though he limited the levy to 10% on Canadian energy.
The Gazette

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