Trump & Global Trade: Risks & Impact

IF DEALMAKING MEANS threatening catastrophe in order to win small gains, then Donald Trump is the master of the art. Having threatened Canada and Mexico with 25% tariffs which would have imperilled the carmaking that criss-crosses North America’s borders, he granted them both a 30-day reprieve on February 3rd. In return, he got a modest boost to their help securing America’s frontiers, including from 10,000 extra Mexican troops, plus the reiteration of some old promises.