Trade War Trump is a Reality

In European politics, there is panic now that military support from the US to Ukraine is in jeopardy. In the (financial) markets, it is mainly the trade war that makes players nervous. After the closure of the Matif and CBoT, Trump announced an import duty of 25% for Canada and Mexico starting March 4 (today). Furthermore, he proposes an additional 10% duty for China. Both Canada and China have responded with countermeasures. This seems to have made a trade war a reality.