Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a trade war abroad — all while on-again, off-again new levies continue to escalate uncertainty.

Electric car company Tesla is asking President Donald Trump’s administration to “consider the downstream impacts” of retaliatory tariffs in Trump’s trade war with multiple countries. The March 11 letter to the U.

The US stock market is in turmoil, with the S&P 500 plunging over 10 per cent amid growing fears of a US recession or stagflation. The trade war initiated by Donald Trump has intensified economic uncertainty,

The leaders of both Canada and Mexico got on the phone with President Donald Trump this past week to seek solutions after he slapped tariffs on their countries, but China’s president appears unlikely to make a similar call soon.

China stands to gain from the ongoing trade wars between the US and its allies, the European Union’s foreign policy chief Kaja Kallas said in an interview with Bloomberg Television.

Canadian lumber company Transpac Group confirmed on Mar. 13 that it’s largely shutting down its site on Afognak Island near Kodiak, effective immediately. Representatives of the company say that’s because earlier this month, China halted imports of U.S. logs in response to tariffs President Donald Trump imposed on Chinese goods.

This comes as BMW along with other European carmakers are bracing for impact from US President Donald Trump’s planned tariffs on vehicles imported to the US.

At the Group of Seven (G7) meeting in Canada, European Union foreign policy chief Kaja Kallas said the real winner of the ongoing tariff war is China.