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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...
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Trade Tensions Escalate: China Imposes Tariffs on Canadian Agricultural Products

 

China has announced new tariffs on Canadian agricultural and food products, escalating trade tensions between the two nations. This move comes as a direct response to Canada's imposition of levies on Chinese-made electric vehicles (EVs), steel, and aluminum products in October 2024.

The Chinese Ministry of Commerce revealed that the tariffs, effective March 20, 2025, will include a 100% duty on Canadian rapeseed oil, oil cakes, and peas, as well as a 25% duty on aquatic products and pork. These measures target over $2.6 billion worth of Canadian exports.

China criticized Canada's actions as discriminatory and a violation of World Trade Organization (WTO) rules. Canadian Prime Minister Justin Trudeau defended the levies, stating they were necessary to counter China's state-driven overcapacity policies, aligning with similar measures taken by the United States and the European Union.

While the tariffs exclude canola—a major Canadian export—analysts suggest this may leave room for future negotiations. However, the escalating trade conflict underscores the risks of geopolitical alignments and the growing complexities of global trade.


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