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International Business Times
International Business Times
Business

With Tariff War, Trump Also Reshapes How US Treats Allies

US President Donald Trump pumps his fist upon arrival at Miami International Airport (Credit: AFP)

Japan and Taiwan promised billions in investment. Britain offered an invitation from the king. In the end, even US allies failed to dissuade President Donald Trump from hitting them with tariffs, which threaten to remake not just the global economy but the foundations of US foreign policy.

Trump, in what he called "Liberation Day," on Wednesday unleashed across-the-board global tariffs on US friends and foes alike with some of the most punishing rates hitting longstanding US allies.

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