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.

US will allow Mexican beef imports to resume, says Mexican minister
The United States will permit Mexican beef imports to resume after signing memorandums to lift a temporary suspension, Mexico's agriculture chief wrote in a post on social media site X on Saturday.

U.S. grains: Corn, wheat down; soyoil rallies amid Trump tariff news
U.S. corn and wheat futures fell on Friday on month-end positioning while soybeans traded nearly flat and soybean oil jumped more than two per cent in volatile trade amid ongoing uncertainty around U.S. President Donald Trump's plans for tariffs.

Federal government defers implementation of modified capital gains tax to 2026
Grain Growers of Canada says it continues to oppose the changes, calls for government to reverse the increase
Canada's government on Friday announced that it would defer the implementation of the controversial changes in the capital gains tax to January 1 next year.

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.

India faces warmer February, winter crops at risk
India is set to see above-average temperatures in February after a warmer than normal January, the weather office said on Friday, posing a risk to key winter-sown crops such as wheat, rapeseed and chickpeas.

Facing Trump tariffs on piglets and crops, Canadian farmers revise sales plans
Canadian farmers are renegotiating livestock contracts with U.S. buyers and finding local markets for crops they previously planned to sell south of the border to minimize the economic hit from potential new U.S. tariffs.

U.S. grains: Corn and soy retreat on profit-taking, US tariff fears
Chicago Board of Trade corn and soy futures fell on Thursday as traders booked profits following recent rallies and ahead of the weekend, when U.S. President Donald Trump says he will impose tariffs on imports from Canada and Mexico, traders said.

EU vessel sanctions weigh on Russian grain exports, central bank says
The European Union's sanctions on vessels transporting Russian grain, along with Turkey's wheat import ban, impacted Russian grain exports at the end of 2024, the country's central bank said on Thursday.