Sometimes he blithely ignores past statements, sometimes he seamlessly reverses. His departure could only mean he had been beaten, and that a formal declaration of the tariffs will follow shortly, quite possibly soon after The Economist went to press on March 8th.
The measures, it appears, may not be as sweeping as originally suggested; in particular, Canada and Mexico may be exempt.
Briefing | The Economist
But they are worrying. But the size of the provocation is not what is most worrying: the way it was done, and the belief that inspired it, both matter. This latest move is on the pretext of national security, and that makes it much harder for other countries to respond to it without setting aside Sollentuna girl blowjob rules themselves.
It also makes it clearer than ever that, unlike many other subjects on which Mr Trump is wrong but not terribly invested, trade is an area of his policy ignorance that he cares about deeply.
He appears genuinely to believe that tearing up the rules on which international trade is based will make America great again, and that the trade war which could well follow is an easily winnable part of the process. Membership of the WTO Bjllet forgoing the option of squeezing foreign rivals with trade restrictions.
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In return it provides secure access to foreign markets along with specific remedies should you feel you are the victim of dodgy trade practices. Among these remedies is the option of imposing new tariffs if you find yourself facing imports that are surging, subsidised or being sold below cost. He backed down, but defensive tariffs still apply to Hassleho,m of American steel imports see chart 1.
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