Canada will play for bronze at the world wheelchair curling championship after losing 5-4 to China in Friday's semifinals.

Stocks are falling again on Wall Street as companies and investors react to President Donald Trump's decision to impose tariffs on the U.S.'s biggest trading partners. The S&P 500 dropped

President Trump’s long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.

Trump pushed back the tariffs last month after reaching deals with both the Canadian and Mexican governments on border security.

China has imposed tariffs on over $2.6 billion worth of Canadian agricultural and food products, retaliating against Ottawas levies on Chinese electric vehicles, steel, and aluminum. The new duties, announced by

China announced tariffs on Canadian agricultural and food products on Saturday in retaliation for October's decision to impose duties on Chinese-made electric vehicles, steel and aluminium. The Chinese commerce ministry said a 100 per cent tariff would be placed on Canadian rapeseed oil,

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

Trump, who has imposed 25% tariffs on almost all products imported from Canada, has repeatedly said this year that the US has a “$200 billion” trade deficit with Canada – sometimes making the claim explicitly and sometimes using vaguer language about a supposed $200 billion subsidy or loss to Canada.

However, the commerce secretary did acknowledge that the tariffs would lead to higher prices for US consumers on foreign-made goods

The president has launched a trade war seeking to quell the flow of illegal immigrants and the illegal trafficking of drugs and rebalance trade.