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Markets are rattled as a fresh wave of tariff announcements signals an intensifying global trade war. In a move that stunned analysts, Canada just slapped a 25% tariff on select U.S.-made cars, a direct hit to one of America’s key export sectors. The decision comes just hours after the United States announced a staggering 104% tariff on Chinese imports, effective immediately.

These back-to-back blows have sent shockwaves through financial markets, sparking fears of a full-blown trade showdown. Auto stocks are under pressure, supply chain forecasts are being rewritten, and investors are bracing for potential retaliation from China and beyond.

Analysts warn this could be just the beginning. "We're entering a new phase of economic warfare," one trade expert said. "Protectionism is back on the front lines."

With uncertainty rising and trade routes tightening, all eyes are on global leaders to see whether diplomacy can cool the fire — or if more economic missiles are on the way.

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