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Seven days: 8 June 2018

Seven days: 8 June 2018

Trump trade tiff

The trade dispute tit-for-tat continued this week, after the US announced plans to start levying tariffs on imports of steel and aluminium from Mexico, Canada and the European Union. The latter has proposed extra duties on €2.8bn of US imports on products ranging from motorbikes to food. However, the plans will need to be reviewed by national governments before they can take effect. Mexico also this week unveiled tariffs against a range of US agricultural products – as well as targeting steel imports – causing the peso to tumble further in response.

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