Trump 2.0 Trade Agenda: Balancing Economic Strategy and Global Challenges

Donald Trump’s potential second-term trade policies, emphasising tariffs of up to 60% on Chinese goods and 10-20% on imports from other countries, aim to bolster national security, reduce the trade deficit, and stimulate domestic manufacturing. However, these policies risk significant global repercussions, including retaliation from major actors like China and the EU. Whether these policies can achieve their goals, their impacts, and potential responses must be thoroughly assessed for better preparedness. This evaluation should go beyond economic factors to consider national security, services trade, and the short- and long-term effects of tariffs, avoiding oversimplified conclusions.