Tariffs are a weaker weapon than Trump thinks
Access to the US market is not the significant point of leverage the president believes it to be
Access to the US market is not the significant point of leverage the president believes it to be

Latest levies to rise to as high as 50% for countries that do not strike trade deals with US

US president’s latest ‘reciprocal’ levies hit many countries that had struck deals with Washington

US President Donald Trump announces levies on dozens of countries and formalises some trade deals

US president backed off his threat of new duties on European economies after market tumult

Uncertainty will linger as the president tests alternative legal options

US trade policy hinges on obscure laws after Supreme Court ruled previous levies illegal