Monday, 03 August 2026 · World
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EUROS The World Financial Report
Nº 23 Monday, 03 August 2026 · World Edition
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Trump is determined to pursue his trade war – and he may be difficult to stop

Business | The Guardian · 19h ago · 🇺🇸 United States
Trump is determined to pursue his trade war – and he may be difficult to stop

The president’s minions have trawled the statutes to restore roadblocks to trade. The invocation of Smoot-Hawley looks especially dangerous Donald Trump may have found the killer weapon to punish countries at will: by imposing tariffs on their exports to the United States. The president has been looking for a new tool since February, when the supreme court struck down tariffs he slapped on virtually all of America’s trading partners based on the International Economic Emergency Powers Act, or IEEPA, on the spurious grounds that the US faced a variety of national emergencies. It’s become a parl

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