President Trump looks to have started an all-out trade war with his closest neighbours, after sticking a 25pc tariff on imports from Canada and Mexico.
He’s also put a 10pc levy on Chinese goods, and said he “absolutely” intends to impose tariffs on the European Union as well.
The intentions of these protectionist policies? To crack down on illegal immigration and the cross-border supply of opioids like fentanyl, as well as the prioritising of American industry. But will tariffs actually have the opposite effect and drive up inflation and thereby the prices of goods for everyday Americans?
Tim Stanley puts forward the case for Trump’s approach whilst Kamal argues that the net effect on the US economy will be negative. Camilla isn’t sure either way.
Read:
Trump’s trade war isn’t as mad as it seems - Tim Stanley
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