Dow falls 800 points as Trump’s tariffs threaten a dangerous trade war
US stocks tanked Tuesday morning after President Donald Trump made good on his threat to levy tariffs on Canada and Mexico, paving the way for a global trade war as leaders of both trading partners threatened retaliation.The hefty tariffs imposed by the Trump administration could contribute to a crash in the global economy, similar to the Great Depression of the 1930s, said Andrew Wilson, the deputy secretary-general of the International Chamber of Commerce, according to the Wall Street Journal.