U.S. stock markets plunge as Trump's tariffs spark fears about a trade war

On Tuesday, U.S. stock markets plummeted as a new global trade war began with China and Canada announcing retaliatory measures in response to President Trump’s tariffs. The Dow fell 1.55%, the S&P lost 1.2%, and the Nasdaq lost 0.35% as investors continued to sell off after Trump imposed tariffs on imports from Canada, Mexico, and China. This escalating trade war is expected to result in higher prices for consumers on a wide range of products, including fruits, vegetables, TVs, auto parts, and stocks of major U.S. automakers and retailers also plunged.

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