Impact of President Trump's Tariffs on Global Markets

President Trump has imposed tariffs on imports from top trading partners, causing global markets to react. Countries are responding differently, with the EU and Canada announcing retaliatory tariffs while others take a more cautious approach. Markets are in flux, and economists warn of inflation and a possible U.S. recession. Various trading partners are navigating the situation with different strategies and responses.

Global Trade War

Canada and the EU have announced retaliatory trade duties on U.S. goods in response to Trump's steel and aluminum tariffs, signaling the start of a global trade war. The tariffs could lead to a significant economic impact and have already affected stock markets.

Impact of Global Trade War on U.S. Stock Markets

U.S. stock markets plummeted as a new global trade war began, with China, Canada, and Mexico announcing retaliatory measures after President Trump's tariffs took effect. The Dow fell 1.8% and other indices also dropped. Major U.S. automakers and retailers saw their shares plunge due to the escalating trade tensions.

Colombia's President Urges Illegal Migrants to Return Home

Colombia's far-left President Gustavo Petro urges illegal Colombian migrants in the U.S. to return home, offering financial aid. This led to a diplomatic crisis with the U.S., resulting in retaliatory measures by President Trump.