Donald Trump has followed through on his threats and imposed 25 per cent tariffs on Mexican goods and non-energy products from Canada, 10 per cent tariffs on Canadian energy and a further 10 per cent on Chinese goods.
“Tariffs are about making America rich again and making America great again,” the president told Congress on Tuesday evening. “There’ll be a little disturbance, but we’re OK with that. It won’t be much.” Such was his confidence that he promised further levies on imports from Europe, South Korea, Brazil and India from next month.
International macroeconomics is difficult and not obviously grasped by Trump, so here are 10 things you and he should know about his tariffs.
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