-
Trump's trade war could have a clear winner: The UK
Global markets were hit with fresh volatility this week after U.S. President Donald Trump confirmed plans to impose tariffs on imports from three of America’s biggest trading partners. Trump on Monday agreed to pause for 30 days 25% tariffs on imports from Mexico and Canada, after both countries agreed to take steps to clamp down on opioid fentanyl crossing their borders into the United States. There was no pause for China, however, which faces 10% import tariffs — and has subsequently retaliated with tariffs of up to 15% on American goods. Further afield, European economies are also at risk from Trump’s tariff ... (full story)