Donald Trump issues new tariff threats

SIT STARTS Donald Trump’s tariff rollercoaster is sure to be a nauseating ride for the global economy. He started his first day in office with an unexpected show of restraint: instead of imposing high new tariffs other countriesinstead, he issued a presidential memorandum calling for a review of unfair trade practices. It seemed to be a balanced start for Trump – at least on the protectionist front, if not his broader agenda— bringing relief to government offices and trading floors around the world. Foreign currencies and stocks rose.