Donald Trump has followed through on his threats to impose tariffs on goods entering the US, targeting Mexico and Canada with a 25% tariff on most goods, excluding Canadian oil with a 10% tariff. Yvette Cooper has criticized these tariffs as harmful to the global economy, emphasizing the UK government’s focus on removing trade barriers rather than creating new ones. Economists warn that tariffs ultimately result in higher prices for consumers as they are passed on by companies importing the goods.
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