Growth expectations for the U.S. economy are falling as China and Canada announce their next move in the tit-for-tat trade spat with the White House.

Canada and China hit back. Mexico is expected to react Tuesday. The moves raised fears of higher prices for U.S. consumers and a trade war.

China on Tuesday announced retaliatory tariffs and export controls, as President Donald Trump's tariffs on goods from China, Canada and Mexico went into effect