Stock markets down in UK and across Europe after steep declines in Asia as Donald Trump presses ahead with huge 104% tariffs on China
- Full report: Trump unleashes new wave of tariffs
- Dispatch: The view from Yiwu, China’s biggest wholesale market
Today’s tariffs follow Trump’s 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.
US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from 57 larger trading partners.
Continue reading…