The rise of protectionist barriers and ongoing disputes among the world's leading economies are shaking up the flow of goods and market stability.

China announced new steep tariffs on Canadian food products on Saturday, the latest blow to the country as it simultaneously grapples with fierce trade negotiations with U.S. President Donald Trump. The tariffs,

China recently responded to the U.S. increasing tariffs by increasing retaliating against American imports, and now, the Southeast Asian nation is turning its attention to Canada. China implemented tariffs on more than $2.6 billion worth of agricultural and food products from Canada.