Trump announces new tariffs on China, Canada and Mexico

Video Description

Donald Trump has announced trade tariffs on Canada, Mexico and China. Companies from Canada and Mexico will have to pay 25% more to sell their goods in the US, while Chinese firms face a tariff of 10%. The idea is to make American consumers buy American products, and to raise more tax revenue. But experts warn adding more to the cost of selling goods could push US inflation up - Trump promised to bring inflation down during his election campaign - and could also spark a tariff war with other countries. Full story: https://news.sky.com/story/donald-trump-plans-to-hit-canada-mexico-and-china-with-tariffs-amid-fears-us-consumers-could-suffer-13300579 #donaldtrump #tariffs #usa SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales