Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer
Donald Trump has fired the first shot. Goods arriving in America from Canada and Mexico will meet tariffs of 25% as soon as he returns to the White House, the president-elect wrote on November 25th. Mr Trump also said that he would impose additional 10% tariffs on Chinese goods. He is not wasting any time in seeking to exert America’s influence.
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This article appeared in the Finance & economics section of the print edition under the headline “Get used to it”
Finance & economics
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From the November 30th 2024 edition
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Trump’s tariff turbulence is worse than anyone imagined
Even his concessions are less generous than expected
Why silver is the new gold
Safe-haven demand and solar panels have sent its price soaring
Trump’s new tariffs are his most extreme ever
America targets its three biggest trading partners: Canada, Mexico and China
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Its curtailment is the price of an IMF bail-out. And one worth paying
America is at risk of a Trumpian economic slowdown
Protectionist threats and erratic policies are combining to hurt growth
India has undermined a popular myth about development
Extreme poverty in the country has dropped to negligible levels