On the campaign trail last year, President Donald Trump talked tough about imposing tariffs as high as 60% on Chinese goods and threatened to renew the trade war with China that he launched during his first term.

The global economy is bracing for impact as US President Donald Trump's deadline to impose sweeping tariffs on the three largest US trading partners -- Canada, Mexico and China -- draws near. Trump said shortly after taking office that he planned to introduce 25 percent tariffs on neighbors Canada and Mexico on February 1,

Donald Trump has wasted no time in making sweeping changes to US economic policy. On his first day back in the White House, on January 20, he announced a series of executive orders and threats to impose tariffs on key trading partners by February 1.