BUZZ-US regional banks slides after Trump unveils tariffs

Shares of U.S. regional banks slide in premarket trading after President Donald Trump announces tariffs on goods from Canada, Mexico and China, raising fears of inflation

Shares of Regions Financial RF.N fall 2.3%, Fifth Third Bancorp FITB.O down 2.3%, Banc of California BANC.N slip 4.8%, Comerica CMA.N fall 3% and Western Alliance Bancorp down 2.7% WAL.N

Valley National Bancorp VLY.O and M&T Bank MTB.N slide around 2.9% each

On Saturday, Trump ordered tariffs, kicking off a trade war that could dent global growth and reignite inflation

In three executive orders, the United States imposed 25% tariffs on Mexican and most Canadian imports and a further 10% on goods from China, starting on Tuesday

Canadian Prime Minister Justin Trudeau said Canada would respond with 25% tariffs against $155 billion of U.S. goods, while China said it will take Trump to World Trade Organization and take other "countermeasures"