As President Donald Trump doubles down on his escalating trade war against some of the country’s biggest economic partners, he is declining to rule out a recession as economic uncertainty grows. Meanwhile,

Former central banker Mark Carney will become prime minister after the governing Liberal Party elected him its leader Sunday in a landside vote with 85.9% support.

The harsh rhetoric echoed similar comments in 2018, when Trump launched his first trade war with China and it scrambled to line up tit-for-tat actions. Beijing’s leaders have since developed a toolkit of tariffs, import curbs, export controls, sanctions, regulatory reviews and measures to limit companies from doing business in China.

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. Since taking office less than two months ago,

New retaliatory tariffs from China targeting some US farm products take effect on Monday.

Trump refuses to rule out recession as chaotic trade war with Canada, Mexico and China escalates: Live updates - President’s remarks follow turbulent week as markets rattled by series of chaotic tarif

The 59-year-old political newcomer says he will keep tariffs on US imports "until the Americans show us respect".

Starting just past midnight Tuesday, imports from Canada and Mexico are now taxed at 25%, with Canadian energy products getting tariffed at 10%.

European shares dipped to their lowest in almost a month on Monday and world stocks followed as building deflationary pressure in China added to growth worries from a lacklustre U.S. economy and an escalating global trade war.

In President Donald Trump’s idealized framing, the United States was at its zenith in the 1890s, when top hats and shirtwaists were fashionable and typhoid fever often killed more soldiers than

National Economic Council director Kevin Hassett said in an interview with ABC News' "This Week" that the tariffs are not meant to start a trade war. "What happened was that we launched a drug war, not a trade war, and it was part of the negotiation to get Canada and Mexico to stop shipping fentanyl across our borders," Hassett said.