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International Business Times
International Business Times
Business

Trump's Tariff Tactics May Reshape Global Trade: Analysts

US President Donald Trump sees tariffs as a means to raise revenue, remedy trade imbalances and push countries to act on US concerns (Credit: AFP)

US President Donald Trump's use of tariffs as a blunt weapon to extract concessions on everything from commerce to immigration and drug trafficking could redraw global trading norms, analysts say.

Since his inauguration on January 20, Trump has unveiled and paused blanket tariffs on Canadian and Mexican goods over migration and illegal fentanyl, and hiked duties on Chinese imports in the same breath, triggering retaliation.

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