Trump’s Broad Use of Metals Tariffs Starts to Backfire, Requiring a Rethink
The scattershot approach to US steel and aluminum tariffs is set to become more targeted
This article is for subscribers only.
Moving fast has been a prominent trait of Donald Trump’s second term. Twelve months in, the US president and his team are discovering the cost of speed when it comes to his signature economic policy. And perhaps reaching for the ibuprofen as the rush of his first year turns into what increasingly looks like a hangover in the second.
It’s hard to overstate the significance of the news last week that the Trump administration is revisiting and recalibrating how it applies steel and aluminum tariffs.