The trade war promised by President Donald Trump stepped up a gear overnight, with 25% tariffs on goods from Mexico, Canada, and an additional 10% on China taking effect. No one was really sure that it would actually happen—a month ago,

President Donald Trump’s blanket tariffs on Mexico and Canada took effect on Tuesday, an extraordinary action aimed at bringing America’s top trading partners to heel. But it threatens to weaken the North American economy,

Mexico's peso fell for a fourth straight day and was close to its lowest level since mid-2022 on Tuesday after U.S. President Donald Trump's new 25% tariffs on imports from the United States' southern neighbour took effect.