North American companies bracing for fallout from Trump tariffs

For North American companies, the “wait and see” moment on tariffs is over. United States President Donald Trump has imposed a 25 per cent levy on goods from Canada and Mexico, along with 10 per cent tariffs on China, in what could be the opening stages of a full-scale trade war likely to create new headaches for executives that have been wrangling with higher costs for several years.