‘Now what?’: North American stock markets sink for second day on tariff fears

TORONTO — Canadian and U.S. stock markets sank for a second straight day Friday, marking even sharper losses than Thursday as U.S. President Trump’s tariffs continue to stir recession fears. "Investors are digesting this escalation and fallout from the U.S. reciprocal tariff announcement, and most recently the aggressive retaliation we’ve seen from China," said Kevin Burkett, portfolio manager at Victoria-based Burkett Asset Management. On Friday China ramped up the pressure by announcing a 34 per cent tariff on all U.S. imports in retaliation to Trump’s latest round of duties. “We’re in this global trade war at the same time as…