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Stocks sink as Trump trade war with Canada, Mexico escalates

  • President Donald Trump's 25 percent trade tariffs on Canada and Mexico took effect, causing the stock market to drop significantly, with the Dow Jones falling over 410 points shortly after trading began on Tuesday.
  • Mexico's President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau announced retaliation against U.S. tariffs, stating there is no justification for such actions.
  • China announced it would impose a 15 percent tariff on U.S. agricultural goods, escalating the ongoing trade tensions.
  • Trump insisted the tariffs were necessary due to fentanyl issues and acknowledged there might be economic disturbances ahead, claiming, 'Tariffs are about making America rich again.
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lonestarlive.com broke the news in on Monday, March 3, 2025.
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