While on the campaign trail last year, American President Donald Trump had declared “tariff” was “his favourite word”. Since taking office in January, he has moved swiftly on all aspects of his agenda — and so it should come as no surprise that it has been announced that, from the end of this week, the United States will impose tariffs of 25 per cent on goods imported from its neighbouring nations of Canada and Mexico, as well as 10 per cent on those from China. At the time of going to the press, Mr Trump was holding negotiations with the

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