Markets brace for new tariffs that could surpass what Trump did during his entire first term

News Snapshot:

Donald Trump's latest tariff deadline arrives tonight, with potential new duties starting tomorrow morning on America's top three trading partners: Canada, China, and Mexico. It's a threat that Trump has partially delayed once before — and administration officials are already hinting could be pared back. If Trump follows through on even a sliver of his many upcoming promises, it could match or surpass the economic toll of his entire first term. The Tax Foundation estimates that Trump's 2018-2019 tariffs shrank US GDP by about 0.2 percent. The proposed tariffs this week against just Canada and Mexico are projected to surpass...