Mining Doubt If Donald Trump makes good on his campaign promise to impose tariffs on Canadian energy imports — and it very much looks like he will — it will devastate the nuclear energy market. As Reuters reports,

Automakers, beer brewers and nuclear power companies led declines in a broad equity pullback on Monday after the U.S. hit Mexico, Canada and China with sweeping tariffs, stoking worries that an all-out trade war could cripple growth and corporate profits.

Major U.S. stock indexes opened lower Monday after President Donald Trump's tariffs on Canada, Mexico and China triggered a trade war.

Good morning. Donald Trump’s tariffs unleash market chaos. Elon Musk’s team is halting Treasury payments to US contactors. And Beyoncé and Kendrick Lamar win big at the Grammys. Listen to the day’s top stories.

Roughly 22% of all new cars sold in the US last year were produced in Mexico or Canada. Starting February 4, Canadian and Mexican imports will be hit with hefty 25% tariffs. Some brands are already thinking about moving production to the US.