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‘Trade war on steroids’: Trump launches markets gamble

‘Trade war on steroids’: Trump launches markets gamble

The president bets he can achieve his aims through tariffs without igniting inflation or a sell-off in American stocks.

PKeating knows it is too early to be definitive in any assessments of Trump 2.0. AP

Donald Trump has long declared himself a “tariff man” willing to impose sweeping levies on imports from countries that have hurt America.

But on Sunday AEDT, the 78-year-old US president took the first dramatic step of his second term towards putting that vision into practice – placing trade wars and economic nationalism at the top of his agenda.

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Original URL: https://www.afr.com/world/north-america/trade-war-on-steroids-trump-launches-inflation-gamble-20250202-p5l8vz