Markets tumble around world as US president’s levies against Canada, Mexico and China are implemented
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China and Canada have announced retaliatory measures against the US after Donald Trump imposed his sweeping tariffs plan, despite warnings it could spark an escalating trade war.
US tariffs of 25% have come into force against goods from Canada and Mexico, the US’s two biggest trading partners, and 20% tariffs against Chinese goods – doubling the levy on China from last month.
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