Tariffs and reciprocal action are due to cost jobs, disrupt supply chains, and slow global economic growth to below the target for 2025-26. Enter the turbulent world of Donald Trump.

Even the IMF is struggling to explain or forecast the next actions from the White House, and the president has not yet been in office for a month

Trump's tariffs are a bold move based on an economic vision claiming to protect domestic industries. However, they come at a high cost to international trade relations.

Last week, President Donald Trump imposed 10% tariffs on China after reaching last-minute agreements with Canada and Mexico to delay tariffs by 30 days. China responded by slapping tariffs of 15% on…

China is fighting back, but other countries will struggle to respond

Canadian exports to its southerly neighbour reached $440bn last year so talk of the United States slapping customs duty on those goods has triggered a tête-à-tête

Plans for trade tariffs, deregulation, and mass deportations will have huge repercussions on industries like finance, oil, and manufacturing. Meanwhile, the deficit is set to balloon.