World Business Report

In response to President Trump's recent tariffs, key trading nations are formulating their countermeasures. Canadian Prime Minister Justin Trudeau has criticised the US move, calling it ‘’unjust and counterproductive’’.China has halted imports of U.S. logs and soybeans, signalling a firm stance against the tariffs. Mexico's President Claudia Sheinbaum announced plans to impose retaliatory tariffs on American goods, with specific details to be unveiled at an upcoming event in Mexico City's central plaza. And we'll also look at how the tariffs could lead to higher car prices for U.S. motorists.