** 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"
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))
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