Trump proves he is serious on tariffs - but it's not about trade

Quick Summary:

The US president-elect is using tariffs as a weapon of diplomacy, even coercion, says BBC economics editor Faisal Islam.

But though Americans might be more sensitive to price rises now than they were in 2018, the political appetite for tariffs should not be underestimated.

He wants to fundamentally change the global economic map, and reduce China and Europe’s trade surplus with the US, which he views as “ripping off America”.

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Article Details

Category: Business

Markets: United KingdomCanadaChinaMexico

Topics: Tariff Tariffs Secretary Treasury Term World Serious First Trump Trade Been

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 16:58:53 (3 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 693 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23959349

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 2 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #43

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