Tariff truce for Canada and Mexico – China retaliates, but lightly

Donald Trump’s use of tariffs for leverage and ‘deal-making’ was proven yesterday when those to be imposed on Canada and Mexico today were postponed following security pledges from the US’s two neighbours.  China, however, retaliated with a broad package of its own measures after 10% was added to tariffs on Chinese imports. The $800 de minimis exemption…