Indices across some of the world’s major economies have slumped after US President Donald Trump imposed a swathe of tariffs on Canada, Mexico and China, eliciting an immediate reaction from Beijing.
Mexico and Canada have been subject to a 25% levy on exports to the US, with the exception of Canadian oil and energy products, which the US heavily imports and will instead receive a 10% tariff. The Trump administration has also implemented an additional 10% tariff on Chinese imports, on top of the 10% already imposed on the US' largest Asian trading partner last month. Trump to go ahead with Mexico and Canada tariffs from 4 March Speaking at a White House press conference on Monday (3 March), the president said: "Vast amounts of fentanyl have poured into our country from Mexico...
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