Instant Reaction: Trump Tariffs Hit Mexico, Canada and China

<p>US President Donald Trump ramped up his tariff threats to the European Union while saying he would speak with the leaders of Canada and Mexico, as stock markets sank following a hectic weekend that saw prospects for a trade war turn into reality.<br />In remarks to reporters on Sunday night, Trump said he would hold separate calls on Monday morning with Canadian Prime Minister Justin Trudeau, as well as with the Mexican leadership, after announcing 25% tariffs on the US&rsquo;s neighbors and top trading partners. The levies are set to take effect on Tuesday, barring a last-minute deal.<br />Bloomberg Daybreak hosts Nathan Hager and Karen Moskow bring you instant reaction to the weekend's developments on global trade.&nbsp; &nbsp; &nbsp;<br /><br />Subscribe to the Bloomberg Daybreak Podcast:&nbsp; &nbsp;<br />on Apple: <a href="http://bit.ly/3DWYoAN">http://bit.ly/3DWYoAN</a>&nbsp; &nbsp;<br />on Spotify: <a href="http://bit.ly/3jGRYiB">http://bit.ly/3jGRYiB</a>&nbsp; &nbsp;<br />Anywhere: <a href="http://bit.ly/460OMka">http://bit.ly/460OMka</a>&nbsp; &nbsp;</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>