It’s feared that Trump’s so-called ‘tariff war’ could wreak havoc on the US economy, or create enough uncertainty to drive US companies and consumers into a paralysis. Earlier today, Trump announced a hike on Canadian steel and aluminium imports by an additional 25% – bringing the total to a whopping 50% tariff.

Inflation slowed more than expected in February and cooled for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war, which threatens to increase prices for Americans.