Stocks Plummet as Trump Intensifies Trade War with Canada and Mexico

US President Donald Trump has imposed 25% tariffs on Canada and Mexico, and 20% tariffs on China, marking an escalation in trade tensions. Stock markets in the US, UK, and Asia declined over concerns about an expanding trade conflict following the implementation of the tariffs. Canadian Prime Minister Justin Trudeau declared that Canada would respond with 25% tariffs on $150 billion worth of US goods. In response, China revealed tariffs on US chicken, pork, beef, and agricultural imports, according to the State Council Tariff Commission.