The Globe and Mail reports in its Wednesday, March 12, edition that U.S. and Canadian stocks fell on Tuesday but recovered slightly after a volatile session marked by conflicting tariff updates and possible ceasefire progress between Ukraine and Russia. A Reuters dispatch to The Globe reports that the S&P 500 index briefly dropped 10 per cent from its February high, marking a market correction, while the S&P/TSX Composite Index reached its lowest point since Oct. 31. President Donald Trump announced he would double tariffs on imported Canadian steel and aluminum to 50 per cent, adding to investor concerns about potential economic slowdown due to his trade policies. Tariff uncertainty has negatively impacted consumer sentiment, with executives warning about its effects on earnings. Citi on Tuesday became the latest brokerage to revise its stance on U.S. stocks, downgrading its recommendation to "neutral." Stocks gained some traction after the U.S. agreed to resume military aid and intelligence sharing with Ukraine immediately after talks in Saudi Arabia in which Kiev voiced readiness to accept a U.S. proposal for a 30-day ceasefire in its conflict with Russia.