Today we get to find out how Trump will impose tariffs on foreign goods imported into the US. Securities markets have been ‘nervous’ at the prospect. I have seen YouTube video of a youngish Trump complaining of unfair tariffs, so his interest in the issue is no new thing.
In anticipation of this move, yesterday Israel cancelled all tariffs on US imports. If Trump chooses reciprocity, he should likewise impose no tariffs on Israeli imports, even if the switch was last-minute, giving him only one day notice.
At least some believe Trump will do a flat across-the-board tariff on all imports. We should know by this evening.
