State of Play. 28 November 2024
Trade tariffs: shields or shackles
In our previous State of Play we discussed the market reaction since it was announced that Donald Trump and the Republican Party had won the race for the presidential election. This week, the President-elect has suggested that he would impose massive tariffs on China, Canada and Mexico when he takes office in January, an announcement that left the markets in fear of a new trade war with Beijing.
This week’s State of Play looks at the importance of exports and imports on local and global economies and the potential impact increased tariffs could have.