Trump tariffs end 80 years of US trade policy expert explains Channel 4 News [Video]

The prospect of an all-out global trade war has moved a step closer – sending stock markets around the world tumbling.

First, President Trump slapped tariffs on imports from America’s three largest trading partners.

That’s 25% for Mexico and Canada and a doubling of previous tariffs on China to 20%.

Within hours, China and Canada had retaliated, but Justin Trudeau’s vow not to back down may have earnt his country even higher tariffs.