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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Trump’s talk of tariffs raises fears of hit to economies worldwide

Shipping containers in Nanjing, Jiangsu province, China
Exports from China, Mexico and Canada to the US face 25% tariffs if Donald Trump’s plan goes ahead. Photograph: Costfoto/NurPhoto/REX/Shutterstock

European companies were wondering whether they had dodged a harmful blow to their US sales after Donald Trump promised to slap trade tariffs on Mexican, Canadian and Chinese goods in social media posts late on Monday.

They could congratulate themselves for avoiding the incoming president’s gaze – so far – and watch as he turned his anger on Beijing and Washington’s nearest trading partners.

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