Daily SumUp

Canada and Mexico have hit back with retaliatory tariffs on President Donald Trump's steep tax on goods imported from its neighbours.

Canadian prime minister Justin Trudeau and Mexico's president Claudia Sheinbaum both announced the counter-tariffs on Saturday night.

Mr Trudeau said Canada would impose 25% tariffs on C$155bn (£85.9bn) of US goods in response to Mr Trump's 25% tariffs on goods. Energy imported from Canada, including oil, natural gas and electricity, would be taxed at a rate of 10%.