What are tariffs, which countries is Trump targeting and will prices rise?

3rd February 2025

Donald Trump imposed tariffs on goods from Mexico, Canada and China over the weekend.

The US president said tariffs are needed to "protect" Americans from the "major threat of illegal aliens and deadly drugs", including fentanyl.

Trump told the BBC that tariffs on EU goods imported into the US could happen "pretty soon" - but suggests a deal "can be worked out" with the UK.

He also floated the idea of an additional 10% across-the-board tariff on all goods imported into the US.

Read the full BBC article HERE