By Tom Wilson and Kevin Buckland LONDON/TOKYO (Reuters) -Stocks and bond yields slid on Tuesday as investors globally ducked for cover after the United States hit Canada, Mexico and China with steep tariffs,

Bond yields were retreating again Tuesday after President Donald Trump followed through with his pledge to impose tariffs on Canada and Mexico. Yields on 2- and 10-year Treasury notes fell to their lowest level since October.

U.S. stocks climbed after President Donald Trump pulled back on some of his tariffs, raising hopes he may avoid a worst-case trade war that grinds down economies and sends inflation higher.