Wall Street on tenterhooks as Trump’s tariffs raise global trade tensions

Global markets are in for a rough ride after President Trump imposed tariffs on Canada, Mexico, and China, potentially sparking a trade war. The uncertainty has already hit tech stocks and could impact US corporate profits and inflation. Currencies like the Canadian dollar and China’s yuan are at risk of weakening, and analysts anticipate a sell-off in stocks. The tariffs could lead to higher inflation and interest rates, affecting economic growth. Investors are concerned about the impact on Federal Reserve policy and consumer prices. The situation is fluid, with potential repercussions for the global economy.