What Trump Aims to Achieve With His New Tariff Plans: QuickTake

After promising during his election campaign to put import taxes back at the center of US economic policy during his second term as president, President Donald Trump has taken steps in that direction. Across-the-board tariffs of 10% on imports from China went into effect on Feb. 4. Trump had also ordered25% tariffs on all goods from Canada and Mexico but paused them for 30 days after leaders of the two countries committed to addressing demands he’d made on them.

How radical is Trump’s approach?

Some US tariffs on goods from those three counties already approach or even exceed the ...