Global stock markets experienced declines following President Donald Trump’s imposition of tariffs on goods from China, Canada, and Mexico. The US introduced a 25% tariff on imports from Canada and Mexico and a 20% tariff on Chinese goods. In response, Canada and China announced retaliatory tariffs on US products, while Mexico hinted at contingency plans. These actions have raised fears of an escalating trade war, impacting major stock indexes worldwide. Analysts warn that tariffs could lead to higher prices for US consumers and affect global markets, including the UK. The situation underscores the economic risks associated with significant tariff increases, with potential repercussions on trade, jobs, and economic growth. — news from BBC.com
