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Donald Trump has often said that his “favourite word” is “tariff”. Surely “deal” would come a close second. The president’s new term in the White House has been dominated by a protectionist agenda aimed at restoring America’s domestic manufacturing base and jobs. His primary objective is cutting America’s trade deficit – by which the country imports more in value terms, than it exports. That gap, the largest for any country in the world, stands at about $1.1trn (£830bn) annually. Follow the World Listen to The World with Richard Engel and Yalda Hakim every Wednesday Tap to follow The threat of,…
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