Geopolitics

“China, Canada and Mexico responded angrily on Tuesday to steep new tariffs imposed by President Trump, setting off a day of retaliatory actions, stern warnings and falling stock prices as the potential ramifications of an escalating trade war began to sink in.

Stung by the tariffs — an additional 10 percent on imports from China and 25 percent on almost all imports from Canada and Mexico — prompted Canada and China to quickly announce retaliatory actions, including measures that could bar some American products from their markets entirely.” 

https://www.nytimes.com/live/2025/03/04/us/tariffs-us-canada-mexico-china/here-are-the-latest-developments?smid=url-share

Largely not dominating the news cycle but the markets know