Adani Group firms lost $34bn in market value on Thursday, reducing the combined market capitalisation of its 10 companies to $147bn. Adani Green Energy, which is the firm at the centre of the allegations, also said it wouldn't proceed with a $600m bond offering.
Canada is expected to react forcefully and immediately to tariffs imposed by US President Donald Trump on its products.Trump has said he going ahead with putting a 25% tariff on goods from Canada and Mexico, starting on Tuesday.
Last month Trump put on pause his plans to levy a 25% tariff on most Canadian imports, with "energy resources" only facing a 10% rate.Now that that pause has ended, and the US is now set to steeply tax goods from one of its top trading partners, a trade war seems almost certain.Canadian Foreign Minister Melanie Joly told reporters later on Monday: "Let's be clear, if Trump is imposing tariffs, we're ready."
She said Ottawa planned to impose retaliatory tariffs against US imports of C$155bn ($107bn; £ 84bn), with the first tranche of $30bn ready immediately to be levied on everyday goods like pasta, clothing and perfume.Tariffs are a central part of Trump's economic vision. He sees them as a way of growing the US economy, protecting jobs and raising tax revenue.
Economists suggest that such a move could have devastating immediate impacts on Canada's economy - while also leading to higher prices for Americans.
"I won't sugarcoat it - our nation could be facing difficult times in the coming days and weeks," Trudeau said in a televised address to Canadians."I will continue to try to build a following there and see what new connections, friendships, or opportunities it brings me."
Ms Fotheringham, the canteen worker, said RedNote "opened my world up to China and its people"."I am now able to see things I never would have seen," she said. "Regular Chinese people, finding out about their culture, life, school, everything, it has been so much fun."
The community so far has been "super welcoming", said Mr Robinson, the designer."I love RedNote so far … I just need to learn how to speak Mandarin!"