TTT - Tariffs, Trades & Trump - the new reality for all market participants

US President Donald Trump has made it clear that he intends to impose flat tariffs of up to 50% on a wide range of imports. These include important industrial precursors such as copper, aluminum, steel, and even cars. The tariffs are to be country-specific and targeted at imports from Asia, Latin America, and even US allies. Trump's argument follows the same nationalist economic logic that characterized his first term in office: bringing production back to the US, punishing trade deficits, and using the US consumer market as leverage in global trade. The structure and scope of these tariffs point to a much more aggressive approach...