Shipping containers are visible through fog stacked on a container ship at the Port of Los Angeles in San Pedro.
Photographer: Mario Tama/Getty Images North AmericaThe Big Take
What Trump’s Next Trade War Could Look Like, a Guide
Trump’s tariffs could go in many different directions. Understanding the strategy from his first term, and the priorities of his new team, reveals a potential path ahead.
Donald Trump’s love of tariffs is as well-known as the incoming US president’s capriciousness.
For everyone from CEOs and mom-and-pop businesses to Wall Street investors and foreign governments, gaming out the path from protectionist campaign rhetoric to policy reality is proving tough, leaving the outlook fraught with uncertainty.