When President Donald Trump’s administration announced it would impose 25% tariffs on Canada and Mexico, the world reacted. Florida-based businesses, from those that import or export goods at Port Tampa Bay to builders in need of construction materials for ongoing real estate projects, braced for market impacts.

Trump has also threatened to introduce tariffs - a tax on imports - on goods from Canada and Mexico, but paused these for 30 days after both countries agreed to boost border security. The US president has said tariffs are needed to help the American economy and to "protect" the country from the "major threat of illegal aliens and deadly drugs".