India, April 9 -- Canadian shares look headed for a weak start on Wednesday after U.S. President Donald Trump pushed ahead with higher duties on roughly 60 trading partners that he dubbed the "worst offenders."
Asian markets fell and European stocks are down sharply. Crude oil prices are plunging, while the bullion is up sharply on safe-haven buying.
The latest set of U.S. tariffs, including a massive 104% levy on Chinese imports, and a 20% levy on European Union imports take effect today.
China's finance ministry said it will impose 84% tariffs on U.S. goods from Thursday, up from the 34% previously announced.
Canadian stocks failed to hold early gains and settled notably lower on Tuesday. Stocks initially benefitted from optimism abou...