The Independent highlights critical developments surrounding Donald Trump's trade policies, particularly the introduction of significant tariffs on goods from Mexico, Canada, and China. These measures, which include a 25% levy on imports from North America and a 10% tax on Chinese goods, are raising alarms about potential repercussions such as a global trade war and heightened cost of living concerns. UK officials have expressed that such actions could harm international commerce and growth, emphasizing the need for open trade rather than increased tariffs.
Tariff increases really right across the world can have a really damaging impact on global growth and trade, so I don't think it's what anybody wants to see.
The penalties have sparked fears of a global trade war that could fuel a fresh spike in the cost of living.
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