That’s because President Donald Trump enacted a new 10% across-the-board tariff on Chinese goods Tuesday morning. Economists warn that tariffs hurt American businesses and consumers, many of whom are still reeling from the sharp rise in inflation in recent years.

Analysing Donald Trump’s tariff policies is akin to shooting at a moving target. Having confidently said at the start of the weekend there was “nothing” Mexico, Canada and China could do to prevent tariffs being imposed,

Just days after throwing international markets into a panic, President Donald Trump has reportedly halted steep import taxes on goods from Canada and Mexico after speaking with the leaders of both countries.