Trade experts hail ‘new era of protectionism’ with targeted countries retaliating with their own tariffs
Donald Trump’s threat to impose steep tariffs on goods imported into the US has set the stage for a bitter global trade war, according to trade experts and economists, with consumers and companies warned to brace for steep costs.
The president-elect announced on Monday night that he intends to hit Canada, Mexico and China with tariffs on all their exports to the US – until they reduce migration and the flow of drugs into the country.