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This Tuesday, U.S. President Donald Trump will officially implement 25 per cent tariffs on both Canadian and Mexican goods, with 10 per cent on Chinese products, too. And now with these respective governments announcing retaliatory measurements against the U.S., an imminent trade war is becoming more of a possibility. Speaking Sunday, financial experts and U.S. Senators reacted to the unfolding economic crisis, with a professor in London calling it a “lose-lose trade war” for all sides.

• What is a trade war? A breakdown of tariffs and retaliation