Trump tariffs: market reaction and what it means for your money

MoneyWeek's analysis of February's tariff announcements, as they happened.

Summary

This is no longer the latest information. See our new tariff blog for the most up-to-date news and analysis.

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This is not a drill

Markets tumble as trade war heats up

European tariffs: “the writing is on the wall”

Canada and Mexico: is a recession on the cards?

Carve-out for Canadian energy

What do tariffs mean for inflation?

Markets were not prepared for Trump's aggression

Retaliatory tariffs: Canada bites back

China to challenge tariffs at World Trade Organisation

US equity markets fall

How much revenue will tariffs raise for the US government?

Trump pauses tariffs on Mexico for one month

Car makers take a hit

Case study: how a Chevrolet Silverado is made

Can the US bull market continue?

That concludes our live coverage for today. Thank you for joining us. We will be back tomorrow with further updates and analysis.

The headlines overnight

European markets still jittery

What do tariffs mean for the dollar?

Tariff threats: a headache for Diageo

Shein and Temu could be hit as Trump closes tax loophole

Tariffs could add to existing pain for Chinese economy

Will Trump and Xi Jinping strike a deal?

Thank you for following our live blog again today. That concludes our coverage for this evening.

Trump to announce steel and aluminium tariffs

Announcement on retaliatory tariffs is also coming

How much steel does the US import?

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Country

Steel imports in 2024 (net tons)

Canada

6.6 million

Brazil

4.5 million

Mexico

3.5 million

South Korea

2.8 million

Vietnam

1.4 million

Japan

1.2 million

Germany

1.1 million

Taiwan

1.0 million

Netherlands

0.6 million

China

0.5 million

Romania

0.5 million

Turkey

0.4 million

United Arab Emirates

0.4 million

Italy

0.3 million

Spain

0.3 million

All other

3.8 million

How much aluminium does the US import?

What do Trump's tariffs mean for markets?

Impact on the UK steel industry

Gold price hits a record high

Trump signs tariffs on aluminium and steel

Steel and aluminium tariffs go further than in 2018

More pain for consumers

More tariffs to come...

That's all for tonight, but we will be back with further news and analysis tomorrow morning. Thank you for joining us.

Market response to Trump’s tariffs

How significant are the latest tariffs in the context of world trade?

"The big one": are reciprocal tariffs coming?

Reciprocal tariffs: what we know

Which countries will be most affected by reciprocal tariffs?

Asia: reciprocal tariffs put India in the crosshairs

Currency markets unfazed by reciprocal tariff threat

Trump tariffs and gold prices

Thanks for following our blog through a turbulent week for global trade.