Trump has teased two of the US’s biggest trading partners with levies but has moved the goalpost at least three times in two weeks
Donald Trump was in his element in the Oval Office this week. Surrounded by cameras, flanked by billionaire allies and confronted by a barrage of questions about whether he was really prepared to unleash a trade war on the US’s closest neighbors, the president talked tough.
By his telling, powerful economies were scrambling to bend to his will. Hours earlier, Mexico had announced a series of measures to shore up its border, prompting the White House to hastily postpone the imposition of 25% tariffs on all its goods; Canada would announce similar measures, and receive the same reprieve, later that day.
