Latest / The Kākā by Bernard Hickey
How Donald Trump's tariff shock will change our political economy
Long stories short, the top six things in our political economy around housing, climate and poverty on Monday, February 3 are:
* Donald Trump unveiled 25% across-the-board tariffs on imports from Mexico and Canada on Sunday, plus a new 10% across-the-board tariffs on imports from China;
* Canada and Mexico hit back with their own tariffs and China warned it was considering similar measures, with Trump warning again he plans to slap tariffs on Europe and elsewhere;
* The tariffs are much deeper and wider than in Trump’s first term, which economists say means the shock to supply chains globally…
The skinny
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