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‘A trade war on steroids’: Trump ushers in new era of US protectionism

President bets he can achieve his aims through tariffs without igniting inflation or a sell-off in American stocks

Donald Trump has long declared himself a “tariff man” willing to impose sweeping levies on imports from countries that have hurt America.

But on Saturday, the 78-year old US president took the first dramatic step of his second term towards putting that vision into practice — placing trade wars and economic nationalism at the top of his agenda.

From his Mar-a-Lago estate in Florida, Trump unleashed aggressive new tariffs on imports from Canada, Mexico and China, a day after threatening the EU with high levies.

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