Trump's early tariff announcements on Mexico, Canada, and China are just the "opening move," wrote one trade-focused attorney.

Officials from Mexico, Canada and China and major industry groups warned that U.S. President-elect Donald Trump's threat of hefty tariffs on goods would harm the economies of all involved, cause inflation to spike and damage job markets.

President-elect Donald Trump vowed additional tariffs on Mexico, Canada and China, shaking markets with his first specific threats to the US’s top trading partners since his election win three weeks ago.

Officials from Mexico, Canada and China warned U.S. President-elect Donald Trump's threat of imposing hefty tariffs on goods from the three largest U.S. trading partners would harm the economies of all involved and would risk aggravating inflation and damaging job markets.

European markets closed lower on Tuesday while Wall Street bounced as investors digested incoming US president Donald Trump's warning that he would impose huge new tariffs on China, Mexico and