Donald Trump’s upending of the global economy has raised fears that climate action could emerge as a casualty of the trade war.

In the week that has followed “liberation day”, economic experts have warned that the swathe of tariffs could trigger a global economic recession, with far-reaching consequences for investors – including those behind the green energy projects needed to meet climate goals.

China announced Friday it will impose 34% tariffs on the U.S., just days after President Donald Trump unveiled the same amount against Beijing under his reciprocal tariff plan.

In the upheaval of President Donald Trump’s blanket tariffs, China is seeking common cause with jilted partners of the United States as it tries to extend its influence and take center stage in a new trade order — rebuilt without Washington.

President Trump announced a 25% tariff on all foreign-made cars Wednesday — saying it would boost domestic manufacturing.

Donald Trump has announced new trade taxes of 25% on cars being imported to the US.

The US President said the latest tariffs would come into effect on 2 April, with collections starting the next day.

Donald Trump said a 25% tariff on all auto imports will take effect April 2. Shares of US automakers fell on the news. Earlier, during regular trading, stocks slid after three days of gains, with concerns about the economic impact of an escalating trade war weighing on investors’ risk appetites. The tech selloff has been so steep it’s even made Amazon shares look like a bargain.

It is a tradition for celebrities to threaten to move to Canada if a Republican is elected president. Now, they may have to look farther afield. In his latest escalation of his trade war with Canada, President Trump has again referred to the possibility of bludgeoning the country into incorporation into the United States.

It was inevitable that Trump would have to deal with foreign crises when he was elected, but no one thought Canada would be among them.

Canada‘s Liberal Party will select a new leader to replace Justin Trudeau on Sunday night, with that candidate likely to become the next prime minister of Canada, who will have to face the latest sovereignty and tariff threats from the Trump administration.

Trudeau, who served a decade as prime minister and 12 years as leader of the Liberals, announced in January he would resign from office. His departure from leadership opened up a competitive race between the top two candidates: Mark Carney and Chrystia Freeland.

Canada's Liberal Party has selected banking executive Mark Carney as its new leader, who will take over from Prime Minister Justin Trudeau and handle trade and tariff talks with President Donald Trump at least until Canada's next general election later this year.

Newsweek reached out to the White House on Sunday evening by email for comment.

Why It Matters

Trudeau announced his resignation following turmoil in his party over his response to his handling of the nation's budget.

Canada selected a new prime minister-elect on Sunday night, as Justin Trudeau's reign nears a close amid a trade war with the United States.

Canada's Liberal Party announced that Mark Carney was chosen to succeed Trudeau after party members voted in a nominating contest between four candidates.

In his acceptance speech, Carney addressed U.S. President Donald Trump's tariffs on Canada and the threat Trump has posed towards the country, calling the current events the "greatest crisis of our lifetimes."