Trump's moves effectively launched new trade conflicts with the U.S.'s top three trading partners and threatened to upend two-way annual trade worth, according to data from the Office of the U.S. Trade Representative,

Mexico and Canada will face tariffs of up to 25 percent, while goods from China will be hit with an additional 10 percent tax.

The trade war promised by President Donald Trump stepped up a gear overnight, with 25% tariffs on goods from Mexico, Canada, and an additional 10% on China taking effect. No one was really sure that it would actually happen—a month ago,