The president has acted on his pledge to apply a 20% tax on goods coming from China and 25% tariffs on imports into the US from Canada and Mexico.
Canadian Prime Minister Justin Trudeau warned Trump that his choice to attack the US neighbor and close trading partner was “a very dumb thing to do” in response to the fast reprisal.
In response, Trump threatened to impose further tariffs on the nation.
The economies of the US, Canada, and Mexico are closely intertwined, and goods valued at about $2 billion pass their borders every day.
Tuesday saw a second day of falls in the US’s leading stock indices, while the UK, Germany, and France all saw their markets close.
