Implications of Trump 2.0 for Trade

Marlow Global’s latest analysis examines how Trump’s threat to impose biting tariffs on US partners could reshape global trade.

While China remains the primary target of protectionist measures, other major trading partners face significant pressure. Trump has threatened US neighbours Mexico and Canada with tariffs of up to 25% on day one of his presidency. The EU and the UK are also in the firing line.

Although some jurisdictions may benefit from a tit-for-tat trade war, as seen during the 2018 US-China tensions, our analysis suggests a more fragmented and unpredictable environment for global trade ahead. For investors and exporters, scenario planning, policy tracking and consistent stakeholder engagement will be crucial for navigating potential disruptions and diversifying risk.