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The Economist
The Economist
24 Apr 2025


NextImg:Expect more chaos in Donald Trump’s tariff policies
United States | Will the levies brake?

Expect more chaos in Donald Trump’s tariff policies

He will likely zig-zag in response to markets and Republican dissent

|WASHINGTON, DC

Donald trump has never been shy about expressing his fondness for tariffs. But prior to his return to the White House, many of his supporters thought it more of a negotiating ploy: an aggressive stance meant to prod other countries into concessions. This comforting story now looks like fantasy. Mr Trump has shown himself to be a true believer in trade protectionism. In the process he has raised the average effective tariff on goods entering America from 2.5% last year to about 20%, the highest since the Great Depression.

This article appeared in the United States section of the print edition under the headline “Will the levies brake?”

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A worker removes the U.S. Agency for International Development sign on their headquarters in Washington, DC, February 7th 2025

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