China has announced that it will impose additional tariffs on the US, taking the total up to 84 per cent on all imported goods.
READ MORE: https://www.thetimes.com/us/american-politics/article/trump-tariffs-china-latest-news-today-k30s3gqxh
The new charges will take effect from April 10.
The Bank of England said the “global risk has deteriorated, and uncertainty has intensified” since the announcement of US tariffs.
Tata Steel Netherlands has announced plans to cut 1,600 jobs in the Netherlands, blaming the cut on “challenging demand conditions in Europe driven by geopolitical developments, trade and supply chain disruptions and energy costs”.
Madagascar could lose about 60,000 textile sector jobs because of Trump’s 47 per cent tariff on the country, an industry official has said.
Its textile and clothing sector employs about 180,000 people and accounts for about one fifth of the country’s gross domestic product.
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