It’s been called the biggest gamble of Donald Trump’s second term so far – overnight, the US president’s long-threatened tariffs against his biggest trading partners, Canada and Mexico, went into effect.
The move has spooked markets and raised fears of a global trade war. Goods from both countries will now be slapped with a 25% levy. An existing 10% tax on Chinese imports has also been doubled.
Chapters:
00:00 US Tariffs against Canada and Mexico kicked in
04:13 Jens Korte, Wall Street Correspondent
07:19 Abigail Hall, Associate Professor of Economics at the University of Tampa
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