It’s feared that Trump’s so-called ‘tariff war’ could wreak havoc on the US economy, or create enough uncertainty to drive US companies and consumers into a paralysis. Earlier today, Trump announced a hike on Canadian steel and aluminium imports by an additional 25% – bringing the total to a whopping 50% tariff.

Donald Trump's tariffs are already shaking global markets, but whether they spark a full-scale recession remains to be seen. We want to know if you think we're heading for a global economic downturn.

Fears over the implications of Trump tariffs have started to pop up in economic data, with consumer spending sliding and sentiment among U.S. shoppers falling to a 15-month low. This week, fresh figures showed that U.S. factory activity grew at a relatively stable pace in February, but prices paid spiked and new orders contracted.