
Investors are worried about a possible recession, with President Donald Trump’s tariffs-driven trade war raising concerns about overall U.S. economic health. His administration has implemented significant tariffs on imports from China, Canada, and Mexico, ranging from 10% to 25%.
These measures have prompted retaliatory actions from affected countries. Canada has responded with tariffs on roughly $20 billion worth of U.S. goods, while China has imposed up-to-15% tariffs on various U.S. agricultural products.