Analysis: Trump poised to reshape global economy and how world does business
Every time Donald Trump has mentioned his plan to levy massive tariffs on imports into the US, there has been a widespread assumption that they will be delayed, watered down or rowed back.
Today, he will reveal in the White House Rose Garden not just how serious he is about “the most beautiful word in the dictionary”, but effectively call time on decades of economic globalisation.
And it is still possible that he will do this by launching the equivalent of a salvo of ballistic missiles into the global trading system, with a universal tariff on all imports into the USA.
The option of a 20% universal tariff is the only way to get to some of the massive revenues of trillions of dollars claimed by some of his advisers.
World braces as Trump set to announce sweeping tariffs
Courtesy: BBC