A new global economic order, if it can be built

Washington's punitive tariff attacks started, literally, within days of US President Donald Trump's inauguration. He first announced 25 percent tariffs on imports from Canada and Mexico, which he has put on hold after both countries' aggressive response, and 10 percent additional tariffs on Chinese goods.

In March, the Trump administration imposed another 10 percent tariffs on Chinese imports.

Besides, Trump has promised that more tariffs are on their way targeting imports from the European Union.