Stocks fell sharply on Tuesday after a top US trade official indicated that higher tariffs on Chinese goods are coming later this week, disappointing traders who hoped President Donald Trump’s weekend tweet threat was just a negotiation tactic. The Dow was down 470 points, the TSX was off 135. The Toronto drop seems less dramatic than that in New York. What can we hope for in a world where Canada — once adored by both China and the US — is now a pariah to both?
