At first glance, it appears as though Donald Trump’s multi-front trade war with the rest of the world shouldn’t have much of an effect on Britain, even assuming that the ever-widening schedule of new import tariffs actually stick. Far more badly affected are America’s closest neighbours, Canada and Mexico.
The 25 per cent taxes initially announced on imports across the board were swiftly suspended after the two countries agreed to make some relatively minor concessions on border controls. Now, however, the threat has been re-enacted with the latest taxes on American imports of steel and aluminium – Canada and Mexico being the largest sources of these products for US industry.
