Trumponomics: The Art of Deal-Making

The global financial markets got rattled when U.S. President Donald Trump announced tariffs on three major trading partners—Mexico, Canada and China. The immediate reaction was sharp and negative, with key equity indices falling by more than 1 per cent in the aftermath of the announcement. However, in a characteristic move, the administration soon postponed the tariffs for Mexico and Canada after both countries agreed to certain U.S. demands. This reversal led to a swift recovery in the stock markets.