News / Trump threatens shippers: manufacture in 'the good old USA' or pay the price

© Tommy Jeffers

Global businesses are the latest victims caught up in President Trump’s tariff web, threatened with higher costs if they don’t manufacture in the US.

But yesterday, at the World Economic Forum (WEF) in Davos, World Trade Organization (WTO) director general Ngozi Okonjo-Iweala suggested there was no need for panic – “let’s not hyperventilate”, she said.

Mr Trump has claimed his administration is “acting with unprecedented speed to confront “the economic chaos”, that had landed the US in “the biggest inflation crisis in ...