Investors on edge as Donald Trump moves to apply new tariffs ‘immediately’

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Investors are on edge ahead of Donald Trump’s plan to hit imports to the US with new tariffs “immediately” on Wednesday, sharply escalating a trade war that has already rattled markets and trading partners.

Trump spent hours huddled with his closest aides on Tuesday, the eve of what he has dubbed “liberation day”, when he will announce his new “reciprocal”