The dollar rose against the Mexican peso and Canadian dollar as Mr Trump also vowed to levy an extra ten per cent on imports fromBut fearful British ministers were reportedly drawing up retaliatory levies on the import of Jack Daniel’s whiskey, Levi’s jeans andHe said: “Yes, it’s true to say if any country imposed tariffs on UK companies exporting, it would hurt our companies.”
The Mexican peso dropped to its weakest since 2022 while the Canadian dollar hit a four-year low against the US dollar.Fears RUSSIAN drones are targeting UK airbases set to store nuclear missiles But about the tariffs, bank ING warned: “Our research shows they could cost US consumers up to $2,400 per capita annually.”U.S. tariffs on Mexico and Canada may force Brit firms such as drinks giant Diageo to raise prices to recover costs.
Diageo, owner of tequila brands Don Julio and George Clooney’s Casamigos — both made in Mexico — lost almost £1billion of value yesterday.LAST WORDS