Economists say Trump’s second-term tariffs, if carried out as promised, could put even more downward pressure on the economy, because he’s framed them as across-the-board, rather than targeted to particular consumer products or commodities.

Crude oil futures scored modest gains Thursday, then added to gains after-hours as President Trump reiterated his threat to impose 25% tariffs on imports from Canada and Mexico starting February 1, although the move may affect only certain industries such as steel and aluminum,