Global financial markets fell on Monday over tariffs imposed on Canada, Mexico and China by U.S. President Donald Trump, while world leaders steeled themselves to respond to his next moves, with the European Union in the firing line.

Markets tumble over Trump tariffs, world leaders brace for his next moves

Trump launches trade war with tariffs on Mexico, Canada and China
Canada strikes back with tariffs on $155 billion of US goods; China says it will take Trump to WTO
U.S. President Donald Trump on Saturday ordered sweeping tariffs on goods from Mexico, Canada and China, demanding they stanch the flow of fentanyl - and illegal immigrants in the case of Canada and Mexico - into the United States, kicking off a trade war that could dent global growth and reignite inflation.

Trump set to impose tariffs on Canada, Mexico and China on Feb. 1 White House says
A White House spokesperson said that no tariff announcements were planned for Friday
U.S. President Donald Trump on Saturday will implement tariffs of 25 per cent on Canadian and Mexican imports and 10 per cent on Chinese goods with immediate effect, White House spokesperson Karoline Leavitt said on Friday.

No day-one tariffs coming from Trump, but trade overhaul planned, official says
President Donald Trump will issue a broad trade memo on Monday that stops short of imposing new tariffs on his first day in office but directs federal agencies to evaluate U.S. trade relationships with China, Canada and Mexico, a Trump administration official said.

Trump taps Jamieson Greer as US trade representative to ramp up tariff plans
President-elect Donald Trump on Tuesday chose trade lawyer Jamieson Greer as his new U.S. trade representative, elevating a key veteran of his first-term trade war against China to execute a sweeping tariff agenda that promises to upend global trade.

Trump’s tariffs would reorder trade flows, raise costs, draw retaliation
Iowa farmer Bob Hemesath is worried that U.S. agriculture will pay dearly if Donald Trump wins Tuesday's presidential election and makes good on a vow to swiftly impose a 60 per cent tariff on Chinese goods and at least a 10 per cent levy on all other imports.