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BusinessNov 26, 2024 02:46 PM

London open: Stocks fall on Trump's tariff plans

Trump said that from 20 January, he will impose a 25% tariff on all goods coming from Mexico and Canada as he looks to clamp down on illegal immigration and drugs, and an additional 10% tariff on China. Matt Britzman, senior equity analyst at Hargreaves Lansdown, said news of Trump's tariffs "sent shockwaves through global sentiment". "The President-elect's scorched-earth approach has stoked fears of a trade war, with investors increasingly wary that Europe could be next in his crosshairs," he ...Read More >

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