US Market Crash, Trump US Tariffs LIVE News: Trump’s 25% Tariffs on Canada, Mexico Spark Trade War Concerns

Tariff War Impact Live: Global Markets – Stocks slump with bond yields as Trump pushes ahead with tariffs

Stocks slumped and bond yields slid on Tuesday in Asia as investors braced for an imminent escalation in a global trade war with new U.S. tariffs on Canada, Mexico and China set to go into effect within hours.

The U.S. dollar remained depressed, with sterling holding close to a 1 1/2-month high and the euro also firm as European leaders drew up a Ukraine peace plan to present to Washington.

Crude oil wallowed near 12-week lows, and bitcoin languished around $86,000 after erasing the surge to the cusp of $95,000 that started the week. – Reuters

Tariff War Impact Unfolds Live: Oil prices slide on Ukraine aid pause, tariffs and OPEC+ output increase

– Oil prices continued to fall in on Tuesday after U.S. President Donald Trump paused military aid to Ukraine and as markets braced for U.S. tariffs on Canada, Mexico and China to take effect.

Brent futures fell 54 cents, or 0.75%, to $71.08 a barrel by 0149 GMT, while U.S. West Texas Intermediate (WTI) crude fell 36 cents, or 0.53%, to $68.01.

The pause to all U.S. military aid to Ukraine confirmed by a White House official on Monday followed Trump’s Oval Office clash with Ukrainian President Volodymyr Zelenskiy last week. – Reuters

Trade Tensions Live: CME cattle futures fall to 2-month low amid trade tensions

Chicago Mercantile Exchange live cattle futures fell on Monday, with the benchmark April contract hitting a two-month low as trade tensions and a decline in Wall Street equity markets pressured values.

CME April live cattle futures settled down 0.400 cent at 192.250 cents per pound after dipping to 190.100 cents, the contract’s lowest since Dec. 26. The contract closed below its 100-day moving average for the first time since mid-November, a bearish chart signal. – Reuters

Trade war live updates: Japan futures falter as Trump’s tariffs counter off-season supply woes

Japanese rubber futures nudged lower on Tuesday as new U.S. tariffs on Canada, Mexico and top rubber consumer China are set to go into effect within hours, outweighing a tightening supply outlook. – Reuters

Trade Tensions Live: China vows to hit back against US tariffs linked to fentanyl

China’s Commerce Ministry on Tuesday vowed to retaliate against fresh U.S. import tariffs set to take effect later in the day, reiterating its stance that the Trump administration was trying to “shift the blame” and “bully” Beijing over fentanyl flows.

The extra 10% duty U.S. President Donald Trump threatened China with last week is expected to enter into force at 0501 GMT on Mar. 4, resulting in a cumulative 20% tariff in response to what the White House considers Chinese inaction over drug flows. The tariff represents an additional hike to preexisting levies on thousands of Chinese goods.

The U.S. has argued that China supplies chemicals used in fentanyl production. China has denied any wrongdoing. – Reuters

Tariff War Impact Unfolds Live: Soybeans, corn near 2-month low as Trump tariffs loom; wheat firm

Chicago soybeans lost more ground on Tuesday while corn ticked higher, with both markets trading near their lowest since early January ahead of U.S. tariffs on key trading partners which are likely to disrupt agricultural flows.

Wheat edged higher on support from dry weather in India.

“The fundamental picture for soybeans is bearish given the supplies from South America,” said one oilseed trader in Singapore. “The market direction will also depend on how China reacts to U.S. tariffs.” – Reuters

Tariff War Impact Unfolds Live: Rupee to navigate US tariffs-spurred risk off, dollar plunge on weak data

The Indian rupee will contend with conflicting forces on Tuesday after risk soured on U.S. President Donald Trump’s comments that his proposed tariffs will proceed, and the dollar sold off on worries over U.S. growth.

The 1-month non-deliverable forward indicated that the rupee will open mostly flat to the U.S. dollar from its previous close of 87.3700.

At the current level of the rupee, the risks are “broadly balanced”, a currency trader at a bank said. – Reuters

Trade Tensions Live: Gold eases as investors exercise caution ahead of Trump tariffs

Gold prices edged down on Tuesday as market participants exercised caution and braced for U.S. President Donald Trump’s tariffs on Canada, Mexico, and China to go into effect within hours.

Spot gold edged down 0.3% to $2,885.40 an ounce, as of 0300 GMT. U.S. gold futures eased 0.2% to $2,895.40.

“This pull back is part of a broader shake-out in markets that could drive prices into the $2,700s before the primary uptrend continues,” Capital.com’s financial market analyst Kyle Rodda said. – Reuters

Trump US Tariffs Live Updates: Indian benchmarks dip at open as global stocks fall ahead of Trump tariffs

Indian shares opened lower on Tuesday, tracking Asian peers after U.S. President Donald Trump said his proposed tariffs would go into effect as planned.

The Nifty 50 fell 0.64% to 21,979.85 by 9:15 a.m. IST, while the BSE Sensex lost 0.45% to 72,753.64.

All 13 major sectors logged losses at the open, while the broader small- and mid-caps fell about 1% each. – Reuters

Trade war live updates: Trade war intensifies: Canada to impose 25% tariffs on US goods from Tuesday

Trade war intensifies: Canada to impose 25% tariffs on US goods from Tuesday

Canada to impose 25% tariffs on $155 billion of U.S. goods if Trump’s tariffs on Canadian goods proceed.

Trade war live updates: Trump to US farmers: Prepare for tariffs, focus on domestic market

Trump to US farmers: Prepare for tariffs, focus on domestic market

Trump warns farmers of upcoming tariffs, urges them to sell goods domestically to avoid impact on external products.

Trade war live updates: Trump’s tariff plan escalates US-China trade war, threatens farm exports

Trump’s tariff plan escalates US-China trade war, threatens farm exports

Chinese imports of U.S. farm goods expected to drop further due to fresh U.S. tariffs, impacting key agricultural commodities.

Trade war live updates: Wall Street sinks as Trump confirms 25% tariffs on Canada, Mexico

Wall Street sinks as Trump confirms 25% tariffs on Canada, Mexico

Wall Street indexes plummet after Trump announces tariffs, with S&P 500’s biggest drop since December 18.

Trade war live updates: Trump confirms 25% tariffs on Mexico, Canada imports, no more delays

Trump confirms 25% tariffs on Mexico, Canada imports, no more delays

Trump announces 25% tariffs on Mexico and Canada, sparking fears of trade war and inflation, despite economic risks.