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The Guardian - AU
The Guardian - AU
Business
Greg Jericho

Welcome to Trump’s trade war – where no one wins because everyone just pays more for things

United States Donald Trump Bob Hawke Canada Greg Jericho Joe Hockey Mexico
The US president-elect, Donald Trump
Despite what Donald Trump might tell you, it is not paid by the country or the company that is exporting things to your country, writes Greg Jericho. Photograph: Brandon Bell/Reuters

If anyone was under any delusion that Donald Trump was not going to be as bonkers as he said he would be, then his announcement on Tuesday that he would slap a 25% tariff on all imports from Canada and Mexico (and deeper tariffs on China) should remove all doubt.

“Tariff” has become the economic word of the year thanks to the incoming US president.

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