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Trump tariffs trigger market plunge and global trade fears

Source: ft.com

Donald Trump announced sweeping 25% tariffs on imports from Mexico and Canada, plus 10% on China, effective soon.
Global stock markets dropped sharply, with the S&P 500 falling 2.5% in a single day.
Business leaders warn these taxes on imports could raise prices for US consumers and spark retaliation from trading partners.

Donald Trump's latest tariff salvo targets key US trading partners, escalating trade tensions just after his election win. The moves aim to protect American jobs but risk higher costs and economic fallout. Investors and companies are scrambling to assess the damage.