{"id":251351,"date":"2025-03-04T10:09:20","date_gmt":"2025-03-04T10:09:20","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/04\/stock-markets-fall-after-us-tariffs-spark-trade-war-fears\/"},"modified":"2025-03-04T10:09:20","modified_gmt":"2025-03-04T10:09:20","slug":"stock-markets-fall-after-us-tariffs-spark-trade-war-fears","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/04\/stock-markets-fall-after-us-tariffs-spark-trade-war-fears\/","title":{"rendered":"Stock markets fall after US tariffs spark trade war fears"},"content":{"rendered":"
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Stock markets around the world fell following the introduction of tariffs by President Donald Trump on goods entering to the US from China, Canada and Mexico.<\/p>\n

Trump has imposed 25% tariffs on imports from Canada and Mexico, and 20% tariffs against China.<\/p>\n

Canada and China announced their own import taxes on US goods, while Mexico is said it had “contingency plans”, sparking fears of full-blown trade war.<\/p>\n

The three major stock market indexes in the US sank following the news, while the FTSE\u00a0100\u00a0index of the UK’s biggest publicly-listed companies opened sharply lower on\u00a0Tuesday\u00a0and stock markets in Asia were also down.<\/p>\n<\/div>\n

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Analysts have warned tariffs could push up prices for US households and could also have a knock on effect on consumers across the world, including the UK.<\/p>\n

Trump threatened to impose the tariffs, which are a tax added to a product when it enters a country – on Canada, Mexico and China in response to what claims is the unacceptable flow of illegal drugs and illegal immigrants into the US.<\/p>\n

But Canadian Prime Minister Justin Trudeau said his country was responsible for less than 1% of fentanyl entering the US and would retaliate with 25% tariffs on $150bn worth of US goods.<\/p>\n

China swiftly announced its own counter measures, which include 10-15% tariffs on some US agricultural goods, including wheat, corn, beef and soybeans. Mexico is expected to announce its response later.<\/p>\n<\/div>\n

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Andrew Wilson, from the International Chamber of Commerce, said: “What we’re seeing is the biggest effective increase in US tariffs since the 1940s – with severe economic risks attached to that.”<\/p>\n

“The initial market moves are entirely reflective that we’re now entering into a very risky scenario for global trade and for the global economy,” he told BBC Radio 4’s Today programme <\/p>\n

He said Yale University had predicted these measures could cost US households in the region of $2,000 in this year alone.<\/p>\n

Ella Hoxha, head of fixed income at Newton Investment Management, told the BBC: “In terms of consumers, you’re more likely looking at, certainly over the short term, increases in prices as companies pass some of those prices onto the consumer.”<\/p>\n

Chris Torrens, vice president of the British Chamber of Commerce in China, added: “It’s a huge challenge for British business because of the historical links that the UK and the US have. [We are] Seeing what looks like the dismantling of a transatlantic alliance between the US and Europe.<\/p>\n

“But, there is a real sense of hope for a stronger UK-China relationship.”<\/p>\n<\/div>\n


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Stock markets around the world fell following the introduction of tariffs by President Donald Trump on goods entering to the US from China, Canada and Mexico. Trump has imposed 25% tariffs on imports from Canada and Mexico, and 20% tariffs against China. Canada and China announced their own import taxes on US goods, while Mexico […]<\/p>\n","protected":false},"author":2,"featured_media":251352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/56ab\/live\/7d758130-f8d5-11ef-8a06-7ba4024a445c.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[727,2622,9036,19211,1601,18165,14195,3102],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/251351"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=251351"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/251351\/revisions"}],"predecessor-version":[{"id":251353,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/251351\/revisions\/251353"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/251352"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=251351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=251351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=251351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}