@ZacharyGoldstein A 20% global tariff would count, surely?

Important question, needs more traders

Does it count if he does it and then undoes it a week later when he suddenly realizes what a crisis it is? (What if he declares then undoes it before it actually goes into effect)

I think it actually needs to go into effect to count, but even if it is in effect for a short time, it counts

This would likely amount to trade war, violate WTO guidelines & most importantly massively depress American income. Also, as Mexico and Canada together make up ‘most’ imports, it would require leaving NAFTA.

True, on the other hand Trump has promised to do this, he has a record of imposing tariffs in the past, and the president has broad discretion over tariff policy.

@ZacharyGoldstein There’s a realistic level of tariffs to appease the base, and then there’s the level that’d substantially depress consumer income & require breaking treaty obligations.

@isobel Trump already ended NAFTA

@ZacharyGoldstein In name only; it was amended to better cope with IP. No major disruptions to trade