~ by Alan Dupont. Originally published in The Australian on 1st February, 2025.
Donald Trump campaigned as the Tariff Man. All indications are that as president he intends to deliver on his promise to introduce sweeping tariffs on imports into the United States. Trump has announced plans to levy duties on China, Canada and Mexico on 1 February and he signed an executive order on the first day of his new administration directing officials to conduct a thorough review of US trade policy. Another review will examine the US industrial and manufacturing base to assess whether further national security tariffs are warranted.
When his political epitaph is written, will Trump be remembered as the US president who initiated a trade war, caused a global recession and destroyed the last vestiges of a waning international order crafted and policed by his thirteen post-World War 2 predecessors? Or are his threats to impose punitive tariffs a justifiable attempt to level the playing field of an unfair international trading system gamed by a mercantilist China? Read more