The Business Times
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PERSPECTIVE

Trump’s tariff war has failed on every front

His tax programme, chaotically rolled out, shifts in its objectives and has wrecked world trade. At home, US producers are also suffering

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    • The Supreme Court’s recent ruling rejecting US President Donald Trump's use of the International Emergency Economic Powers Act is likely to limit his ability to use discriminatory tariffs as a bargaining tool.
    • The Supreme Court’s recent ruling rejecting US President Donald Trump's use of the International Emergency Economic Powers Act is likely to limit his ability to use discriminatory tariffs as a bargaining tool. PHOTO: NYTIMES

    Anne O Krueger

    Published Sat, Mar 28, 2026 · 07:00 AM

    IT IS hard to overstate how profoundly US President Donald Trump has reshaped the international landscape over the past 14 months.

    Since World War II, American foreign policy has largely followed an internationalist approach.

    Institutions such as the International Monetary Fund, World Bank and the World Trade Organization (WTO) – all founded and led by the US – helped maintain the multilateral order, while economic relations among most countries operated under the principle of non-discrimination.

    PerspectiveGlobal tradeTrump tariffsTrump administration

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