Internationalism No. 73, March 2025 Page 9 In January 2017, as soon as he took office in the White House, Donald Trump signalled the new trade policy of the United States with two immediate moves: the exit from the TransPacific Partnership (TPP) and the project for a wall on the border with Mexico. These were accompanied by the threat to abandon the North American Free Trade Agreement (NAFTA). That thunderous debut now seems almost moderate, compared to the flurry of arrogant announcements and orders with which his second presidency has begun. Multiple fronts In just a few weeks, Trump has deployed an impressive and omni-directional arsenal of tariffs, making no distinction between allies and adversaries. The first targets were imports from Canada and Mexico, the US’s biggest trading partners. These 25% tariffs were immediately put on hold for a month, in exchange for symbolic concessions from the two neighbouring governments, aimed at countering the suppos...