Global Markets PLUNGE as Trump’s Tariff Hits Canada, Mexico, and China!
Financial markets declined sharply as President Donald Trump confirmed the implementation of 25% tariffs on Canadian and Mexican imports, along with an additional 10% tariff on Chinese goods, effective Tuesday. Trump announced at the White House that negotiations had concluded without agreements. "No room left for Mexico or for Canada. The tariffs are all set." Canadian Foreign Minister Melanie Joly announced retaliatory measures, preparing $155bn in counter-tariffs on US products, with an initial $30bn targeting everyday items including pasta, clothing, and perfume. She emphasized that while Canada wishes to avoid trade conflict, they would respond to US actions. Mexico and China have similarly pledged retaliatory measures. Trump justified the tariffs citing concerns over illegal drugs and immigration, despite a one-month negotiation period with Canada and Mexico. Chinese goods already face a 10% tariff imposed in February. Trump maintains that tariffs […]