Stock markets are plunging, consumers and businesses have started to sour on the economy, and economists are marking down their estimates for growth this year, with some even seeing rising odds of a recession.

The U.S. stiock market has dropped considerably over the last week amid concerns over the impacts of President Donald Trump's proposed tariffs.

On Monday, Ford confirmed a 25% tax increase would be placed on electricity exported from Canada to the U.S., In another social media post Tuesday, Trump threatened Canada for the move, saying the country ”will pay a financial price for this so big that it will be read about in History Books for many years to come!”