by Richard (Rick) Mills
Investor Ideas
May 15, 2025 (Investorideas.com Newswire) Donald Trump has boldly imposed a new era of US economic policy dominated by tariffs, trade wars, and threats to the sovereignty of nations it has long considered allies (Canada, Denmark, Panama), as the second-term president aims to rewrite the rules of international trade mostly by disregarding them as he pursues an America-first agenda.
The cost to the United States of Trump’s trade war and “country takeover” rhetoric has already cost America its reputation. After the Trump administration imposed tariffs on Canada – despite having renegotiated the NAFTA free trade agreement with Canada and Mexico in his first term – erroneously on the basis of Canada being “subsidized” by hundreds of billions of US dollars every year, Prime Minister-elect Mark Carney said that Canada’s old relationship with the United States, “based on deepening integration of our economies and tight security and military cooperation, is over.” (The Guardian).