Brief by Shorts91 Newsdesk / 01:28pm on 04 Mar 2025,Tuesday Business
Global stock markets tumbled after Trump’s tariffs on China, Canada, and Mexico triggered retaliatory measures. "There is no justification for this," said Canada PM Trudeau, announcing 25% tariffs on $150B in U.S. goods. China imposed 10-15% duties on U.S. agriculture, while Mexico prepared contingency plans. The Dow Jones fell 1.5%, the S&P 500 dropped 1.8%, and Asian and European markets also declined. Analysts warn U.S. households may pay $2,000 more yearly. “We’re now in a risky global scenario,” said Andrew Wilson of the ICC.
