In the process he has raised the average effective tariff on goods entering America from 2.5% last year to about 20%, the highest since the Great Depression. The policy process has been chaotic, to put it politely,

President Donald Trump said he’ll announce new tariff rates for U.S. trading partners over the next two to three weeks. The president announced reciprocal tariff rates specific to individual countries,

President Trump’s apparent softening on tariffs has strengthened Chinese officials’ resolve that he will eventually cave if they wait him out.