Between 2017 and 2021, Donald Trump had the world on a precipice, bracing for his next move, gaming out whether his bluster was a bluff, an overture to a deal or a break with history, as he sowed mayhem to push adversaries off balance.

Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries.

The US heavily taxed imports for much of its history before largely abandoning the policy, beginning in the 1930s, as government leaders embraced the idea of free trade. Tariffs made a comeback during the 2017-2021 presidency of Donald Trump,

Donald Trump has given the world an insight into what the economic vision for his second term might be, and it can be summarised in what he calls the “most beautiful word": tariffs. The president-elect says he will introduce 25% tariffs on goods coming from Canada and Mexico on day one of his presidency,