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International Business Times
International Business Times
Business
Beiyi SEOW and Erwan LUCAS

'Retaliate': Trump Tariff Talk Spurs Global Jitters, Preparations

US President-elect Donald Trump's tariff threats against Mexico, Canada and China are a sign of intent, directed at both allies and rivals (Credit: AFP)

Donald Trump's tariff threats have rattled foreign businesses and governments, with many fearing it could signal the opening salvo of an all-out trade war when he returns to the White House next year.

The president-elect on Monday placed both allies and rivals on notice, vowing to quickly slap an across-the-board tariff of 25 percent on Canada and Mexico, and add a 10 percent tariff on China.

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