President Trump’s “America First” agenda is rapidly trashing the global economic system and the rules and norms the US has championed throughout in the post war era.
Mr Trump has been singling out particular countries, including China and Mexico, for punitive tariffs way in excess of those imposed on imports from other countries, a practice that may have some legality in the US but is almost certainly outlawed by the World Trade Organisation.
The latest, announced on Twitter and due start to September 1, is a tariff of 10% on almost all of the $US300 billion worth of Chinese