It might seem like Trump is winning his trade war. But the US could soon be in a world of pain

By Peter Draper, Professor, and Executive Director: Institute for International Trade, and Director of the Jean Monnet Centre of Trade and Environment, University of Adelaide
Nathan Howard Gray, Senior Research Fellow, Institute for International Trade, University of Adelaide

Last week, US President Donald Trump issued an executive order updating the “reciprocal” tariff rates that had been paused since April.

Nearly all US trading partners are now staring down tariffs of between 10% and 50%.

After a range of baseline…

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