President Donald Trump signed an executive order Saturday imposing a 25% tariff on imports from Mexico and Canada and 10% on imported Chinese goods, according to multiple reports, reflecting his campaign promises to implement high tariffs, against the views of many economists who believe Trump’s plan would burden everyday consumers.

It was not a bluff, the tariffs are here - and this is just the opening salvo from the Oval Office. The world trading system has not been here before. A slide towards a wider trade conflict is very much on the cards,

American importers will pay a new 25-percent tax on goods from Canada and Mexico and a 10-percent levy on products from China, the president said.