President-elect Donald Trump’s first threatened tariffs since the election are designed to extract concessions on drug trafficking and illegal border crossings, which means it may be possible for the countries targeted – Canada, Mexico and China – to head them off. But the bigger point is that the threat to impose tariffs on “Day One” supports our view that Trump is likely to move much more quickly with tariffs than during his first term.
Note: We’ll be discussing the global impact of higher tariffs in a Drop-In at 0930 ET/1430 GMT on 26th November. Click here to register for the 20-minute online briefing, and read our detailed report here.
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