Treasury Secretary Bessent says China’s escalation was ‘big mistake,’ country playing with ‘losing hand’

President Donald Trump’s sweeping tariff policy could be a worse move for the U.S. than the Smoot-Hawley Tariff Act of 1930, according to Jeremy Siegel.

Canada will impose 25% tariffs on C$155 billion worth of U.S. goods from Tuesday if the Trump administration follows through with its proposed tariffs.

Here are Friday’s biggest calls on Wall Street.