EU leaders warn of retaliation if Trump imposes tariffs

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  This BBC podcast is supported by ads outside the UK.

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  This is the global news podcast from the BBC World Service.

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  I'm Janak Jalil and at 14 hours GMT on Monday 3rd February.

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  These are our main stories.

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  Stock markets have plummeted amid fears of a global trade war

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  as Donald Trump says he'll impose new tariffs on the EU as well as Canada,

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  Mexico and China.

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  President Cyril Ramaphosa of South Africa has rejected Mr.

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  Trump's claim that his government is confiscating land.

• 00:38

  Also in this podcast, the big winner of the night at the Grammys.

• 00:44

  I just feel very full and very honored.

• 00:47

  It's been many, many years.

• 00:52

  Beyonce finally wins best album after losing out four times before.

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  Nearly a century after the Great Depression,

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  the US

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  and some of its biggest trading partners seem to be hurtling

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  towards a new era of protectionism that could see life for many of us get more expensive.

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  Stock markets across Asia

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  and Europe plummeted after Donald Trump fired the first shots

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  in a global trade war this weekend by announcing stock deep tariffs of 25% on Canada

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