What Trump Aims to Achieve With His Tariffs: QuickTake

March 4, 2025, 9:59 AM UTC

After promising during his election campaign to put import taxes back at the center of US economic policy, President Donald Trump moved swiftly once back in office, announcing significant new tariffs aimed at America’s trading partners.

The tactics — implementing new tariffs and threatening others in an effort to intimidate or gain leverage on other disputes — represent a dramatic shift in a global economy where most major economies have sought to reduce trade barriers.

What has Trump done so far?

So far, he’s focused on imports from Canada, Mexico and China — the three largest trading partners of the ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.