Richard Partington and Lucy Swan 

Trump’s tariff war – a timeline of key announcements and events

US president’s erratic approach has fuelled a dizzying array of tariff measures, before pausing or changing them, prompting a chaotic series of responses
  
  

Donald Trump with his hands open. Various items e.g. a car, washing machine, wine bottle in front of him with dollar price tags.

Donald Trump is sending shock waves through the global economy by waging trade wars with the US’s traditional allies and enemies alike.

The president is using tariffs – border taxes levied on imports – to tackle what he sees as “unfair” trading practices by US trading partners. The aim is to promote US manufacturing by making foreign imports more expensive; to raise revenue, and to use tariffs as a bargaining chip with trading partners.

However, economists warn that tariffs risk crashing economic growth and stoking inflation. Trump’s erratic approach – repeatedly announcing, pausing, and changing his policies – is also denting business confidence and rattling financial markets. The Peterson Institute for International Economics is keeping tabs on developments:

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