Amid Donald Trump’s escalating tariff war with China, the world has been left in no doubt. Consistent with his campaign messaging, and going against the overwhelming majority of economists’ advice, it’s clear that the US president still loves tariffs. He is ready to use them as a bargaining tool – and also to change them on a whim.
Countries responded to the tariffs announced on “liberation day” in different ways – before Trump backtracked and announced a 90-day pause. But China – which was not granted the pause – refused to back down. It hit back with extra tariffs of its own on US imports, affecting mainly agricultural goods.
