Donald Trump risks having a “really damaging impact” on the global economy as he pursues tariffs against the US’s nearest neighbours, Yvette Cooper has warned.
The US president has introduced a 25 per cent levy on goods coming from Mexico and Canada, and a 10 per cent trade tax on Chinese goods, which will come into effect on Tuesday. The penalties have sparked fears of a global trade war that could fuel a fresh spike in the cost of living.
