Donald Trump issues new tariff threats

pO BEGINNER Donald Trump’s tariff roller coaster will certainly be a stomach-churning ride for the global economy. He started his first day in office with an unexpected display of restraint: Instead of slapping big new tariffs on other countries, he instead issued a presidential memorandum calling for an overhaul of unfair trade practices. It seemed to be a measured start for Mr. Trump – at least on the protectionist front, if not his broader agenda – leading to relief in government offices and on trading floors around the world. Foreign currencies and stocks rose.