‘He was bad on trade, very bad on trade,’ said Donald Trump ‘with due respect’ to Ronald Reagan in a broadcast from the White House. As the President went on, the Fox News coverage included a ‘Dow Watch’ ticker, which showed the markets in freefall.
Trump was speaking to confirm that 25 per cent tariffs would be imposed at midnight on Tuesday on Canada and Mexico, with an additional 10 per cent tariff for China (which has already had 10 per cent tariffs imposed).
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