Global Markets Dive as Trump Implements Tariffs on Canada, Mexico, China

Stocks around the world plummeted following the implementation of new tariffs by President Donald Trump, which imposed a 25% duty on imports from Canada and Mexico and raised tariffs on Chinese goods by 10%. Major companies, particularly in manufacturing and technology, faced significant losses, with Nvidia dropping over 8% and Super Micro Computer Inc experiencing a 13% decrease. The tariffs sparked concerns over a potential global trade war, leading to retaliatory measures from China, which announced higher duties on U.S. farm exports. European markets also reacted negatively, with Germany's DAX and France's CAC 40 both experiencing notable declines. Analysts warned that this trade escalation could result in a 'lose-lose' situation for both economies and businesses. Investor sentiment has shifted dramatically, as hopes for economic growth under Trump's policies diminish amid escalating trade tensions.