From trade wars to wokery and global deals, Sun experts reveal what Donald Trump could mean for America – and the world
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ON Monday, a new dawn rises over America. Donald Trump will move back into the White House as he officially becomes President of the United States . . . again. He goes down in history as only the second American leader to serve two non-consecutive terms. Before him, Grover Cleveland held power from 1885-1889, then from 1893 to 1897.
Vice President JD Vance will also take the oath of office at the inauguration in Washington, bringing to an end one of the most electrifying election races in recent history. But what does it mean for America – and the rest of the world?. From tariffs and trade wars to diplomacy and global deals, we asked our experts to explain how the controversial ex-reality star could truly change the world.
DONALD TRUMP has stoked fears of a tit-for-tat global trade war ever since declaring he believed “tariff” was the “most beautiful word in the dictionary”. The returning President sees tariffs as a key tool to grow the US economy, protect jobs and raise tax revenue in the US.
He has threatened to issue punishing tariffs of as much as 60 per cent against China, Canada and Mexico — but the ripple could also catch out the UK and Europe, with ten to 20 per cent levies on imports. The International Monetary Fund warned yesterday the risks to global growth from Trump tariffs could be higher this time, partly because the world is still limping out of an inflation crisis caused by Russia’s Ukraine invasion and the pandemic.