For subscribers
A second dose of Trump on trade would differ from the first
Expect more emphasis on global trade deficits, more dramatic intervention and bigger problems.
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Former US president Donald Trump’s second term would have echoes of his first.
PHOTO: REUTERS
Soumaya Keynes
Turns out, Donald Trump still likes tariffs. In his bid for a second term, he is promising a 10 percentage point tariff increase on all America’s trading partners, and dangling a tariff on Chinese imports of at least 60 per cent.
All that might sound similar in tone to his first term, but trade watchers should quell any sense of nostalgia. His return could be quite different.
