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World

Will Britain get dragged into Trump’s trade war?

3 February 2025

11:59 PM

3 February 2025

11:59 PM

North America is now engaged in a full-blown trade war. Markets are reacting. Japan’s Nikkei was the first to indicate the downturn, falling 2.9 per cent this morning, while early trading on the FTSE is down 1.1 per cent. It’s not the cataclysmic shock some were expecting, though also not the ‘FANTASTIC’ response the President insists has occurred since his announcements over the weekend, which include hitting Canada and Mexico with a 25 per cent import tariff, and China with an additional 10 per cent.

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