_{WORLD NEWS}

Trade War Escalates: Retaliation Threatens Global Economy and U.S. Stability

Trade tensions between the U.S., China, and Canada escalated after the U.S. imposed new tariffs—25% on Canadian and Mexican goods and 10% on Chinese imports. In retaliation, China announced up to 15% tariffs on U.S. agricultural products, while Canada implemented tariffs of up to 25% on American goods.

Mexico also pledged countermeasures, including tariff and non-tariff actions. China added several U.S. companies to its "unreliable entity" and export control lists and filed a WTO complaint against the U.S. tariffs. Canadian Prime Minister Justin Trudeau condemned the tariffs, warning of economic disruption, higher prices, and job losses. Ontario Premier Doug Ford threatened to cut electricity exports and nickel shipments to the U.S.

The tariffs caused stock market declines in the U.S. and Asia, with analysts warning of significant impacts on American farmers and global trade stability.g your savings from potential bail-ins before the next crisis strikes. Read More.

_{ECONOMIC NEWS}

Stock Market Tumbles as Tariff Fallout Wipes Out Trump-Era Gains

U.S. markets erased all post-election gains as stocks plunged due to newly implemented tariffs on Canada, Mexico, and China. The Dow fell 1.5%, the S&P 500 dropped 1.6%, and the Nasdaq declined 1.5%, pushing it toward correction territory, down 10% from its December high.

Investor fears of a full-scale trade war intensified after Trump dismissed any possibility of negotiation with Canada or Mexico. The tariffs—25% on Canadian and Mexican imports and a doubling of Chinese duties to 20%—triggered swift retaliation. Canada imposed immediate tariffs on U.S. goods, while China announced a 15% levy on key American farm products starting March 10.

Retailers also felt the pressure, with Target warning of profit squeezes and Best Buy issuing a weak sales forecast, further contributing to market uncertainty. Read More.