Trump takes his protectionist approach even further this time
The impact of the US president’s planned tariffs far exceeds those he imposed in his first term, but it remains unclear how far he will go with his threats
Donald Trump went to the polls on November 5 with tariffs as his main recipe for economic success. Although he promised to impose taxes of all kinds on exports, curiously the first ones he approved ― although he has put them on hold ― did not appear in his campaign pledges. How many of Trump’s threats will be carried out and how much of it will remain a negotiating ploy to extract concessions is something that remains to be seen. In any case, the tariffs are of a much higher order of magnitude than those he approved in his first term and which were left in place by his successor, Joe Biden.
