Trump hits China with tariffs; Mexico and Canada tariffs paused; China retaliates
US president Donald Trump has issued executive orders to place 25% tariffs on Mexican and Canadian imports and 10% on Chinese goods; the tariffs begin February 4, although the Mexican and Canadian tariffs have been delayed for a month; China has now retaliated.
After weeks of speculation, US president Donald Trump, on Saturday February 1, placed sweeping tariffs on Mexican, Chinese and Canadian goods entering the US. The tariffs were fue to begin on Tuesday, February 4, and sparked a global market sell-off as investors fear the start of a global trade war.
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