Canada, Mexico and China promise to retaliate tarko with things to enter the US from their countries start Tuesday.
The US President Donald Trump is imposed 25% tariff against Canada and Mexico, and 20% tariffs against China.
US stock markets, UK and Asia melts after identifying taxes between the sale of trade in Trade War that raises.
Analysts warned tariffs that can push prices for US homes and can also knock on consumers around the world, including the UK.
Trump threatens to impose tariffs, which is a tax added to a country’s entry product – in Canada and China inaccessible illegal drugs and illegal US immigrants.
But Canada’s Prime Minister Justin Trudeu said that his country is responsible for less than 1% of the Fenanyl to enter the US and to take up to 25% of the tariffs of the US $ 150bn US.
China quickly announced its own steps to the counter, which included 10-15% tariffs of certain agricultural riches, including wheat, corn, meat and soybeans to inform Mexico.
The three major stocks in the US stock market falls following the news, while FTSE 100 indexes of the largest public and stock companies.
Andrew Wilson, from the international commercial room, said: “We see is the greatest effective increase in US tariffs since 1940 – with severe economic risks attached to it.”
“The first market movement fully reflects that we now enter a hazardous situation for global trade and for the global economy,” he now says BBC Radio program 4
He said Yale University foretold these steps can cost homes in the region of $ 2,000 in this year only.
Ella Hoxha, leader of the latest Newton Investment Management, said BBC: “In terms of consumers, certain companies passed on some consumer prices.”
Chris Torrens, Vice President of the British Chamber of Commerce in China, adds: “This is a big challenge for the UK and US.
“But, there is a true sense of hope for a more stable relationship with China.”
