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President’s protectionist moves spark concerns about retaliation and damage from escalating trade war

Speech comes as president has unleashed aggressive agenda to reshape US trade and foreign policy

Manufacturing, retail and food sectors highlight coming shocks after duties on Canada, Mexico and China are imposed

America is trying to undo the very system of open trade that it created

Deal worth $22.8bn involves sale of bulk of those owned by Hong Kong-based conglomerate CK Hutchison