Donald Trump says he loves tariffs but just hours after he slapped massive levies on Mexico and Canada he’s taken them away. 

The surprising U-turn has rattled financial markets and revived fears of a global trade war. 

So, what on earth is the US President up to and how will the global economy respond? 

Today ABC TV’s finance expert Alan Kohler on what Trump’s tariff moves mean for Australia. 

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Alan Kohler, ABC TV finance expert