After a year of Trump, who are the winners and losers from US tariffs?
By Prachi Agarwal, Research Fellow in International Trade Policy, ODI Global
Jodie Keane, Senior Research Fellow, International Economic Development Group, ODI Global
Maximiliano Mendez-Parra, Researcher at the Centre for the Analysis of Regional Integration at Sussex (CARIS), University of Sussex
The use of tariffs to try to rebalance trade has been a central plank of Trump 2.0 economic policy. But has it worked?
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Wednesday, January 21, 2026