How President Trump’s Tariff Policy Will Shape the World

President Donald Trump’s tariff policy is at once clearer and harder to get a handle on than it was when he took office. Trump has made a flurry of tariff threats against Canada and Mexico that have since been postponed. But he has also imposed a sweeping 10% tariff on products—added atop previous tariffs imposed during the Biden and first Trump administrations—imported to the United States from China. China is fighting back, but other countries will struggle to respond Are the motivations of the various advocates for tariffs consistent with one another? Is the creation of economic pain the fundamental…