Trump's tariffs on Canada, Mexico and China suggest he is willing to risk a global trade war. The main thing that could stop him would be a stock market selloff.

Trump's tariffs on Canada, Mexico, and China have shaken financial markets, with economists warning the move has plunged the global trade system into 'chaos.'

The global economy is on edge as U.S. President Donald Trump's proposed tariffs ripple across financial markets, sparking volatility and shifts in currency values. The U.S. dollar – which had recently reached a two-year high earlier this month – has shown signs of weakness amid investor uncertainty and fallen to a two-week low,

U.S. futures and global stocks were hit by a selloff early on Monday as markets around the world braced for a potential trade war triggered by President Donald Trump’s decision to impose sweeping tariffs on imports from Canada, Mexico, and China—which warned of “necessary countermeasures.”

Metal prices were pressured lower after U.S. President Trump imposed tariffs on Canada, Mexico and China, with strengthened U.S. dollar compounding the hit to metals.

The invoking of national security to unravel trade agreements could scramble the international trading system in China’s favor.

Industrial metals and shares of the companies that mine them tumbled across the board Monday after President Trump imposed tariffs on China, Canada and Mexico, threatening a trade war that may disrupt global economic growth.