Trump imposed tariffs against Washington’s three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin. Just after midnight, Trump put 25% taxes, or tariffs, on Mexican and Canadian imports, though he limited the levy to 10% on Canadian energy.

US stocks had a volatile morning Tuesday after President Donald Trump made good on his threat to levy tariffs on Canada and Mexico, paving the way for a global trade war as leaders of both trading partners threatened retaliation.

President Trump said Tuesday he will impose more tariffs on Canada if it retaliates against the U.S.’s trade actions. “Please explain to Governor Trudeau, of Canada, that when he puts on a Retaliatory Tariff on the U.

U.S. stocks opened lower on Tuesday as investors await fallout on Canada and Mexico tariffs. Meanwhile, the Nasdaq is in near-correction territory.

Canadian Prime Minister Justin Trudeau slammed the Trump administration's new tariffs Tuesday, calling the measures “very dumb."

President Donald Trump’s blanket tariffs on Mexico and Canada took effect on Tuesday, an extraordinary action aimed at bringing America’s top trading partners to heel. But it threatens to weaken the North American economy,

President Donald Trump delivered on his threat to hit Canada and Mexico with sweeping import levies, imposing one of the largest increases in US tariffs since the 1930s in a dramatic escalation of a trade war that stands to upend ties with major economic partners.