US president Donald Trump launched a new global trade war on Saturday (1 February), unleashing a barrage of tariffs against Canada, Mexico and China.
A 25% tax on imports from Canada and a 10% levy on Chinese products comes into effect today (Tuesday). After making the announcement, the US president agreed to pause a planned 25% tariff on goods from Mexico for one month, while Canada and China retaliated with their own respective US tariffs. Friday Briefing: The week of American (uber)action Investors have been on shaky ground since Trump's inauguration last month, with his tariff-heavy agenda now threatening to engulf the world. Last Monday (27 January), Trump told reporters he was considering a universal tariff rate "much b...
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