Canada spared from new Trump tariffs — but U.S.-China tariff war could 'collapse' global trade

News Room
By News Room 7 Min Read

U.S President Donald Trump has paused the “reciprocal” tariffs levied against dozens of countries for 90 days, sending global markets rocketing up, while at the same time escalating an unprecedented trade war with China. 

On Wednesday afternoon, the Trump administration raised the tariffs on Chinese goods to 125 per cent from 104 per cent, effective immediately. The move followed China’s announcement that it would hike tariffs on American goods to 84 per cent.

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *