We review what was announced, consider how the situation might evolve and take a look at some of the economic implications.
10 Feb 2025, 2 min read
On 1 February, US President Donald Trump signed executive orders imposing substantial new tariffs on imports from Mexico, Canada, and China. Two days later, the tariffs against Mexico and Canada were suspended for one month, but the additional levies on Chinese imports took effect on 4 February, prompting retaliatory measures by China.
The UK and the EU were not included in President Trump’s initial salvo, but he has indicated that tariffs on EU products in particular may be forthcoming given the EU’s
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