China strikes back with retaliatory tariffs on U.S. after Trump’s 104% levy kicks in

All eyes connected the enslaved market

I’m Peter Armstrong, the elder concern analogous for CBC News.

Investors are bracing for different unsmooth time connected the markets. Stocks are acceptable for a sell-off astatine the open, deepening a sell-off that started past Thursday.

But each eyes volition beryllium connected the enslaved marketplace today. Bonds person slumped arsenic the commercialized warfare escalates, prompting fears that a commercialized warfare that sparked a banal marketplace plunge could present go a recognition crisis.

Good morning. I’m Jenna, a elder writer successful Toronto, and I’ll beryllium curating this unrecorded leafage today.

The planetary commercialized warfare has escalated considerably this morning, with China slapping an 84 per cent retaliatory tariff connected U.S. exports successful effect to Trump’s 104 per cent levy connected Chinese exports.

Global markets are rejecting the determination this morning, and U.S. banal futures are looking grim, too.

Meanwhile, Canada’s ain retaliatory tariffs against the U.S. besides came into effect today.

The national authorities imposed a 25 per cent tariff connected non-CUSMA-compliant vehicles — and non-Canadian, non-Mexican components successful CUSMA-compliant vehicles — from the U.S.

Follow on with america for quality and investigation successful Canada and astir the world.