by Amanda Ireland in Politics

President Donald Trump's surprise 25% tariffs on Canadian and Mexican goods have ignited a fierce trade battle with Canada. Canadian Prime Minister Justin Trudeau responded angrily, calling the move "a very dumb thing to do" and announcing retaliatory tariffs of his own. The Dow Jones Industrial Average plummeted over 670 points, adding to Monday's losses, reflecting growing concerns about a potential recession. Trump mocked Trudeau, referring to him as the "governor" of Canada and threatening further action. Meanwhile, Democrats in the House are planning protests during Trump's upcoming joint address to Congress, expressing outrage at his actions and the state of the economy. Commerce Secretary Howard Lutnick suggests a possible compromise is in the works, hinting at a "middle ground" solution between the US, Canada, and Mexico. The situation remains tense, with global markets reacting negatively to the escalating trade conflict.