Trade War Fears Escalate: Global Markets Plunge as Trump Imposes Tariffs on Canada, Mexico, and China
2025-03-04
Fortune
The ongoing trade spat between the US and its major trading partners has sparked fears of a full-blown trade war, with China and Canada announcing retaliatory measures against the White House. As a result, growth expectations for the US economy are falling, leading to a decline in global market confidence. The imposition of tariffs on Canada, Mexico, and China has significant implications for international trade, with potential consequences for global economic growth, trade agreements, and market volatility. The trade war is likely to impact global trade policies and economic forecasts, making it essential to monitor the situation closely.
