US president reaffirms that tariffs on Chinese imports will double to 20 per cent as reprieve period for Canada and Mexico ends.
Tariffs of 25% on Canada and Mexico were due to take effect early Tuesday. An extra 10% tariff is being imposed on China. On Monday, Beijing hinted via state media reports that it was planning retaliation that might at least partly focus on U.
Global auto stocks sold off and Mexico's currency weakened after President Trump imposed tariffs on goods from Mexico, Canada and China, prompting retaliation from Beijing and Ottawa. In recent tradin
U.S. stocks tumbled Monday and wiped out even more of their gains since President Donald Trump ’s election in November, after he said that tariffs announced earlier on Canada and Mexico would take effect within hours.
Shares retreated Friday in Europe and Asia, with benchmarks in Japan, Hong Kong and South Korea tumbling more than 2% as U.S. President Donald Trump’s decision to push ahead with 25% tariffs on imports from Mexico and Canada and to double tariffs on Chinese products to 20% left investors reeling.