How will Donald Trump's tariffs on Canada, Mexico and China impact the UK market? 🤔
US President Donald Trump’s imposition of tariffs over the weekend has sent markets spiralling, with UK markets worried that the country is set to fall into the firing line of the growing trade war. Over the weekend, the US announced 25 per cent additional tariffs on imports from Canada (non-energy imports at 10 per cent) and Mexico, and a 10 per cent additional tariff on China. The tariffs, which are due to start on 3 February, will remain in place until a “national emergency” of fentanyl and illegal immigrants entering the country are addressed, said Trump. Despite not being affected by the tariffs, UK markets have already begun to react badly to the news, with the FTSE 100 falling 1.2 per cent upon market opening and the FTSE 250 dropping 1.8 per cent over the last few hours. #tariffs #trump #canada #mexico #china #donaldtrump #keirstarmer #ftse100 #market #marketnews #news #uknews #politics #politicalnews #economy #investing #investment