Before officially taking office, President-elect Donald Trump has caused significant market reactions and international concern with unexpected trade policy announcements targeting Mexico, Canada, and China.
He is not yet in power but President-elect Donald Trump rattled much of the world with an off-hours warning of stiff tariffs on close allies and China — a loud hint that Trump-style government by social media post is coming back.
“You can expect in the second term pretty much what he showed us about himself and his methods in the first term. Social media announcements of policy, hirings and firings will continue.” But Trump warned that the new levy would “remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country” — sowing panic from Ottawa to Mexico City.
The tumult recalls Trump’s first term, when journalists, business leaders and politicians at home and abroad would scan their phones for the latest pronouncements, often long after they had left the office or over breakfast. The public and media learned of numerous other decisions big and small by the same source, from the introduction of customs duties to the dismissal of cabinet secretaries.
Donald Trump Trade Policies Mexico Canada China Global Economy Supply Chains Inauguration
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