Trump's trade barrage rattles global markets, triggering recession fears

Open this photo in gallery: U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, on April 2.Carlos Barria/Reuters U.S. President Donald Trump's decision to hike tariffs to the highest level in a century has sent shock waves through the global economy, hammering financial markets, adding to inflationary concerns and raising the odds of a recession in the United States that could ripple across the border into Canada. On Wednesday afternoon, Mr. Trump announced a baseline tariff of 10 per cent on imports, with much higher rates for dozens of trading partners,…