The Shock and Awe Hidden in Trump’s First Trade Memo
A seemingly bland document published on the first day of the new administration reveals the extent of the president’s desire to reshape global trade.
President Donald Trump holds up a recently signed executive order at the Presidential Inauguration parade event in Washington, January 20, 2025. Credit: Mark Schiefelbein via AP Images
The Trump tariffs have arrived: the new administration is set to slap a 25 percent levy on imports from Canada, and an extra 10 percent on goods coming from China, with a planned tariff on Mexico delayed by a month as of Monday. The dramatic move has surprised governments and investors around the world. But the clues this was going to happen have been there since the moment Donald Trump returned to office.
An excerpt from the 'America First Trade Policy'.
Instead of sweeping tariffs, day o
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