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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

Trump tariffs: markets brace for falls as Mexico and Canada hit back

New York yellow cabs pass a large electronic Nasdaq sign
Analysts forecast the Nasdaq will fall by 1.4% at the start of trading on Monday as the potential for a global trade war heightens. Photograph: Andrew Kelly/Reuters

Investors are bracing for stock market falls after Canada and Mexico hit back against trade tariffs imposed by Donald Trump this weekend.

Trading on the brokerage IG’s weekend markets indicated shares were likely to fall on Monday after the US president signed an order on Saturday to bring in sweeping tariffs this week, a move that could prompt a trade war with some of the country’s largest trading partners.

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